Domestic Price Warnings
Countries where prices of one or more basic food commodity are at abnormal high levels in main markets.
Price warning level: High
Moderate [Based on the Indicator of Price Anomalies (IPA)]
Argentina
![](fileadmin/user_upload/foodprice/img/maps/35_ARG_CGR_en.png)
Wheat flour prices continued to rise in May 2024 and were 300 percent higher year-on-year
Retail prices of bread (French type) continued to rise by 5 percent month‑on‑month and were about 300 percent above their year-earlier levels in May 2024 due to elevated production, milling and transport costs. In general, prices of food items continued to increase in May, albeit to a lesser extent than in recent months, amid difficult macroeconomic conditions, exacerbated by the currency devaluation in December 2023. The Argentine peso has depreciated steadily since December 2023, and in May 2024, was about ARS 887/USD 1 compared to ARS 231/USD 1 a year ago. In May, the annual food inflation rate was 290 percent at the national level.
![](fileadmin/user_upload/foodprice/img/maps/15_Argentina_wheat and yellow maize.png)