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#Argentina’s inflation rate, though still troublingly high, fell in April, to 3.4%, and the recession, price controls and delayed utility price hikes should “gradually exert a moderating force on inflation,” @GoldmanSachs writes in a research note.
As we often emphasize, #Argentina’s recent struggles with inflation have been politically toxic because food prices have been rising particularly fast. In April, however, the cost of food increased by only 2.5%, compared to 6% in March.
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