Argentina says inflation slows to 1.0 percent m/m in May

lunes 15 de junio de 2015 15:18 GYT

BUENOS AIRES, June 15 (Reuters) - Argentina said on Monday inflation slowed in May to 1.0 percent on the month and 15.3 percent on the year, in line with estimates for official data but well below private forecasts for even higher price rises.

The economy ministry said consumer prices had risen 5.7 percent so far this year. Inflation was 1.1 percent on the month in April, according to ministry data.

Most private analysts question the credibility of government data in Latin America's third largest economy. The International Monetary Fund warned earlier this month Argentina had not done enough to bring its statistics in line with global standards.

A separate poll published by Argentina's Congress and compiled from private estimates put inflation in May at 2.02 percent on the month and 28.76 percent on the year. (Reporting by Sarah Marsh; Editing by Chris Reese)