Argentina Inflation July 2022

Argentina

Argentina: Inflation comes in at highest level since our records began

August 12, 2022

Consumer prices soared 7.41% from the previous month in July, accelerating from the 5.30% rise logged in June. Faster price increases for recreation and culture, furniture and household goods, restaurant and hotels and clothing and footwear were behind the acceleration.

Inflation rose to 71.0% in July from June’s 64.0%. July's figure represented the highest inflation rate since our current records began. Meanwhile, the trend pointed up, with annual average inflation coming in at 56.5% in July (June: 54.7%).

FocusEconomics panelists expect inflation to be 73.5% at the end of 2022, which is up 5.0 percentage points from last month’s forecast. Inflation is projected to moderate to 61.8% at the end of 2023.


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Argentina Inflation July 2022 0

Note: Annual and monthly var. of Buenos Aires consumer price index in %.
Source: Argentina National Statistical Institute (INDEC).


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