Argentina's monthly inflation rate slowed to its lowest level in more than five years in May, official data showed on Thursday, adding momentum to President Javier Milei's drive to rid the country of chronically soaring prices.

Argentina's Consumer Price Index (CPI) recorded a 1.5% increase last month, the National Institute of Statistics and Census (Indec) announced Thursday. It was the lowest monthly inflation rate since May 2020 and closer to 1.

Argentina will move its embassy from a Tel Aviv suburb to Jerusalem next year, Argentinian President Javier Milei announced Wednesday night in a speech in his honor in Israel's Knesset.

Hostilities between the Houthis and Israel are escalating with Israel forces carrying a naval strike against a port in Yemen

The International Monetary Fund said on Thursday that it welcomed recent measures taken by Argentina's central bank and finance ministry ahead of a visit by the Fund to the country later in June.

India's number one doubles player Yuki Bhambri and his American partner Robert Galloway fought their hearts out before losing their opener. In a match where both sets were decided by tie-breakers, the Indo-American combination lost 6-7 (5) 6-7 (5) to Santiago Gonzalez from Mexico and Austin Krajicek from the USA in one hour and 34 minutes.

La inflación mensual de Argentina se desaceleró hasta alcanzar su nivel más bajo desde el máximo de la pandemia, lo que supone una importante victoria para el presidente Javier Milei antes de las cruciales elecciones intermedias.

Argentina's monthly inflation rate cooled to its lowest level in more than five years in May, official data showed on Thursday, adding momentum to President Javier Milei's drive to rid the country of chronically soaring prices.