Latin America Economy - july 2015

Source: OPEC 8/8/2015, Location: South America

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.


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