Argentina's consumer price inflation decelerated for a third straight month, reaching its lowest level since August of the previous year.
The data marks a significant milestone for President Javier Milei's administration, which has faced intense pressure to stabilize the economy after a sharp surge in March driven by an Iran war-related energy shock.
The continued moderation in price growth suggests that the initial impact of the geopolitical energy disruption is fading from the monthly figures.
For investors monitoring emerging market risk, the trend indicates that the worst of the inflationary spike may be behind the country, potentially reducing pressure on the central bank to maintain aggressive tightening measures.
This development aligns with a broader global pattern of cooling inflation seen in other major economies.
Recent data from the UK showed consumer prices dropping to 2.8% in April, while France reported a deceleration to 1.8% year-on-year in June.