Argentina’s inflation rose to 2.1% in July, breaking a three-month trend of cooling price increases. The monthly figure followed lower readings in earlier months and was driven by renewed upward pressure in several categories included in the consumer price index. The change marked a turn after a brief slowdown that had raised hopes the disinflation process was continuing. The new print will likely complicate policymakers’ efforts to keep monthly inflation under control while economic conditions remain volatile.
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