BUENOS AIRES -- Argentina's government reported that consumer prices rose 1.0% month-on-month (mom) in May versus April.

This follows a 1.1% mom increase in April.

Argentina's government is reporting that on an annual basis, inflation stood at 15.3% in May, down from 15.8% in April.

According to INDEC, the main drivers of last month’s inflation were food and beverages, clothing, and housing and utilities which contributed 0.28 percentage points, 0.18 p.p. and 0.16 p.p., respectively, to headline CPI.

The official figures, however, continue to show inflation levels much lower than the numbers published by other sources. For example, opposition lawmakers indicated that May’s median inflation estimate among private economists was 2.0% mom and 28.8% yoy.

These results are relatively unchanged to April’s readings of 2.0% mom and 29.0% yoy.

Meanwhile, the city of Buenos Aires reported May inflation figures of 2.2% mom and 26.7% yoy.

Argentina - Inflación en La Canasta Del Profesional Ejecutivo en Mayo de 2015 by Latin American Herald Tribune

Argentina - Distribucion Del Ingreso - InDEC - 14 May 2015 by Latin American Herald Tribune