In July, consumer prices rose 0.79% over the previous month, slightly up from the 0.71% price increase registered in June and broadly in line with the 0.80% increase tallied in July last year. As a result, annual headline inflation remained stable for a fifth consecutive month at 9.7%, the lowest level since March 2010. Official inflation data published by the National Statistics Institute (INDEC) continues to be met with suspicion ever since a controversial change to the price variation measurement methodology was implemented two years ago. Allegations that INDEC data may be manipulated by the government have been repeatedly denied by the local authorities. In addition, in March the government began fining a number of economic consultancy firms over the publication of inflation estimates differing from INDEC's numbers, further raising doubts about the validity of official inflation data. In fact, official inflation figures are less than half the level of actual inflation estimates made by independent analysts. Consumers share the more realistic assessment of inflation made by private analysts. According to a Universidad Torcuato di Tella (UTDT) survey conducted in August, households believe that consumer prices will increase 25% over the next 12 months, which was in line with results from July's survey.
Inflation stalls for fifth consecutive month
August 18, 2011
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Argentina Economic News
October 4, 2016
At its weekly meeting on 4 October, the Central Bank of the Argentine Republic (BCRA) decided to keep the 35-day Lebac interest rate unchanged at 26.75%, matching the previous week’s decision.
September 30, 2016
In August, industrial production contracted 5.7% over the same month of the previous year, according to the latest data released by the National Statistical Institute (INDEC).
September 28, 2016
In July, the monthly indicator for economic activity (EMAE, Estimador Mensual de Actividad Económica) declined 5.9% year-on-year, which was below the 4.7% fall in June and represented the steepest contraction since July 2009.
September 28, 2016
In August, exports expanded 12.0% over the same month last year, which contrasted the 10.8% decrease seen in July and marked the highest reading since May 2013.
September 26, 2016
In August, consumer prices in the greater Buenos Aires capital area increased 0.2% over the previous month, according to recent data published by the National Statistics Institute (INDEC).