Widespread expectations of single-digit inflation for the first time in six months were met when INDEC statistics bureau posted 8.8 percent inflation for April . Annual inflation is now running at 289.4 percent with 65 percent for the first third of this year. Experts highlighted a steep fall in core inflation (excluding seasonal and regulated prices) from 9.5 to 6.3 percent as heralding further deceleration. The Central Bank celebrated on the same day by lowering interest rates from 50 to 40 percent.
SOURCE: www.batimes.com.ar