Argentina's dollar prices fall for first time since Oct 2025 as FX beats inflation

In June, Argentina's real exchange rate appreciated as the peso's nominal slide outpaced inflation, making local goods cheaper in dollar terms for the first time since October 2025. The move, sharper than the Latin American average, signals a shift in relative price competitiveness and may affect trade flows and capital inflows. Sustainability depends on whether the central bank can maintain the crawling peg without depleting reserves.