Argentina's inflation drops

good news... inflation is a killer for the lower income folks, the poor, and the unemployed...

Inflation came in at an unexpectedly low 0.5 percent in May, but was still on course to beat government targets for the year, according to official figures released yesterday. The May figure was below a median forecast of 0.9 percent in a recent press survey of seven analysts, and less than April’s 1.0 percent. President Néstor Kirchner’s government has budgeted for inflation of 8.6 percent in 2006, while the Central Bank expects prices will rise by eight to 11 percent and the press poll had a median forecast of 12.1 percent.

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