BUENOS AIRES, June 1 (Reuters) - Argentina raised a record 138.14 billion pesos ($15.36 billion) in tax revenues in May, almost a third more than in the same month last year, the country’s tax authority said on Monday.
The figure beat market expectations. A Reuters poll of five analysts forecast a median increase of 132.00 billion pesos.
Private economists estimate Argentina’s inflation is running at 25 percent, which would mean the 31.50 increase in tax revenues is largely explained by consumer price increases. (Reporting by Richard Lough; Editing by Meredith Mazzilli)