July inflation in Argentina comes in at 3.8% as SME sales fall 8.4%

The National Institute of Statistics and Censuses (INEC) reported that Argentina's monthly inflation in July was 3.8%, bringing the twelve-month total to 112%.

However, the Argentine Confederation of Medium-Sized Enterprises (CAME) warned that retail sales by small and medium-sized enterprises fell 8.4% year on year due to the loss of purchasing power.