world-economy

Argentina Inflation Cools After 11-Month Surge as Energy Costs Stabilize

Argentina's inflation rate declined in April, marking the first monthly improvement in nearly a year as energy prices stabilized following Middle East tensions that had spiked fuel costs in March. The deceleration provides relief for the Milei administration's efforts to rein in runaway price growth. Global energy markets experienced significant volatility earlier this quarter, with crude prices climbing sharply due to geopolitical conflict. The elevated fuel costs rippled through emerging markets, pushing inflation higher across multiple nations. US gasoline prices climbed to $4.50 per gallon, while Ethiopia's inflation topped 10% for the first time in five months. Investors demanded higher yields on 30-year Treasury bonds as long-term borrowing costs rose. Argentina's easing inflation suggests the commodity shock may be subsiding, offering logistics operators and shippers some relief from the elevated transportation costs that characterized the first quarter.