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Financial News: ARGENTINA: Analysts Raise Monthly Inflation Forecast In Ju

ARGENTINA: Analysts Raise Monthly Inflation Forecast In June To 2.4%

06/05/2018 - 16:47:00 (RTTNews)

(RTTNews) - Analysts polled by the Argentinean central bank raised the forecast for monthly inflation in June to 2.4%, from 1.5% in the previous survey, and also revised upwards the estimate for inflation in 2018, from 22.0% to 27.1%.

The core inflation projection in June increased to 2.2%, from 1.5% in the previous survey, while the estimate for 2018 rose to 25.1%, or 5.3 percentage points (pp) higher than previously observed.

According to the central bank, the upward revision in market forecasts regarding inflation in Argentina is due to "the more adverse financial environment than last month after the significant devaluation of the peso."

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