Financial day: caution prevailed in the local market, with inflation data higher than expected.

The Argentine National Social Security Administration (ANSES) will adjust retirement and pension payments in September based on the July Consumer Price Index (IPC) released by the National Institute of Statistics and Censuses (INDEC). The official data indicates a monthly inflation rate of 2.1 percent for July, marking an increase compared to the previous month's figures.

This monthly inflation rate serves as the mandatory benchmark for calculating the updated benefit amounts for retirees and pensioners. The adjustment follows the government's established mechanism for indexing these payments to recent inflationary trends.