Argentina's Inflation Steady Despite Predictions

In an unexpected twist for economists, Argentina's inflation rate plateaued at 1.9% in August, as indicated by official data released on Wednesday. This result defied analysts' expectations, who had projected a slightly higher rate of 2.0%.

The country's annual inflation trajectory over the past 12 months showed signs of deceleration. Inflation decelerated to 33.6% through August, a notable drop from July's 36.6% and just below the analysts' anticipated 33.7%.

This trend signals a potential alleviation of the persistent inflationary pressures that have plagued Argentina, marking a noteworthy moment for the nation's economic outlook.

(With inputs from agencies.)