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UPDATE 1-Argentina inflation slows in April in salve for Macri

(Recasts with background on recent inflation, election implications)

BUENOS AIRES, May 15 (Reuters) - Argentina consumer prices rose 3.4% in April, the country's statistics agency said on Wednesday, decelerating from a month earlier and giving some relief to President Mauricio Macri as he looks to rein in stubbornly high inflation.

The slower rise broke a string of three consecutive months since the start of the year in which inflation has sped up, hammering people's savings and hurting Macri in opinion polls ahead of presidential elections in October.

The rise, which was below analyst forecasts of 4%, took year-to-date inflation to 15.6%. Rolling 12-month inflation picked up to at 55.8%, the National Institute of Statistics and Censuses (INDEC) said.

Argentina's consumer prices rose 47.6% in 2018, part of the broader financial turmoil that has left a third of Latin America's No. 3 economy in poverty, pushed interest rates skyward and sent the peso tumbling against the dollar.

(Reporting by Jorge Iorio; writing by Cassandra Garrison and Adam Jourdan; Editing by Sandra Maler and Jonathan Oatis)