For May, forecasts from 23 consultancies and 13 financial institutions estimated monthly inflation down 2.3 percentage points to 5.2%, while June inflation was seen down 1.3 points from the prior forecast at 5.5%.
Latin America’s No. 3 economy should, meanwhile, shrink 3.8% in real terms this year, the poll predicted, a 0.3-point deterioration from the previous forecast.
Forecasts for unemployment edged up 0.4 percentage points to 7.4% for the first quarter of the year.
Despite four straight months of slowing monthly price rises, annualized inflation is still hovering close to 300%, and the government of libertarian President Javier Milei has pushed a tough austerity campaign in a bid to combat the crisis.
Source: Economy - investing.com
