Inflationary Pressures Ease in April
April CPI Expected to Show Moderate Increase
According to Nowcasts, the April Consumer Price Index (CPI) is projected to rise by 04%, with core inflation, excluding food and energy prices, estimated at 03%. This marks a slight decline from March's 35% increase in core inflation.
Argentina's Inflation Falls Below 10%
In a promising sign, President Alberto Fernandez announced that monthly inflation in Argentina is anticipated to dip below 10% in April. This represents a significant improvement from the country's persistent battle with high inflation.
US CPI Forecast Revised Slightly Downward
The US Consumer Price Index (CPI) is now expected to rise by 34% year-over-year in April, a slight revision down from previous estimates. This follows a 35% increase in March.
Moderate Increase in CPI Expected
The April CPI report, scheduled for release on Wednesday, is projected to show a 04% increase from the previous month, maintaining the same pace as March.
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