Fuel price relief slows transport cost rise in Argentina and curbs inflation in Guatemala

In June, Argentina's Index of Cargo Transport Costs (ITC) rose 1.81% month‑on‑month, the smallest increase recorded for 2026. The slowdown follows the continuation of the "buffer" scheme that freezes the reference price of fuels, limiting the fuel cost component to a 0.55% rise – the lowest of the year. Despite the modest gain, transport firms still face pressure from higher wages, repairs and infrastructure deterioration.

Guatemala reported a 2.27% annual inflation rate for June, down from 2.86% in May. The deceleration is attributed to lower international oil prices – the average barrel price fell to US$85.52 from US$102.13 in May – and temporary subsidies that had supported fuel prices. The Central Bank of Guatemala expects inflation to remain near the target range over the coming months, while noting potential risks from El Niño and geopolitical tensions in the Middle East.