Inflation in Argentina slowed to 3.3% in May, the lowest monthly rate registered since December last year, the INDEC national statistics bureau said. The figure indicates that runaway price increases slowed somewhat last month. Analysts put that down to the seasonal fluctuations and the government’s introduction of a short nine-day lockdown to tackle the coronavirus pandemic. Nevertheless, INDEC’s data showed that consumer prices have now risen 21.5% in just the first five months of the year, and by 48.8% over the last 12 months. It also underlines that the government’s annual goal of 29 percent, as outlined in its 2021 Budget, is all but out of reach with seven months of the year still to come. May’s price rises were led by large increases in transportation (up 6%) and healthcare (up 4.8%). Food and non-alcoholic beverages rose 3.1%.