Consumer price inflation in Argentina was 15.3% y-o-y in May, down for the fifth consecutive month. Inflation posted 15.8% in the month before. On a monthly comparison, inflation increased 1% in May over April’s 1.1%. The consumer confidence index was largely stable in June at 54.88 from 54.99 in May. The country’s export value declined 25.9% y-o-y in May, after falling 19.2% in April. The central bank’s foreign reserves decreased from $33.9 billion in April to $33.2 billion in May.