In August, consumer prices for the Great Buenos Aires area added 0.89% over the previous month, which was up from the 0.79% rise recorded in July. The monthly increase was mainly the result of a sharp rise in prices for transport and communications. As a result of the monthly figure, annual headline inflation inched up from 9.9% in July to 10.0% in August, the highest level in 18 months Official inflation data published by the National Statistics Institute (INDEC) have been met with suspicion ever since a controversial change to the price variation measurement methodology was implemented in 2008. As a result, private sector analysts report their own independent inflation estimates, which differ notably from the official figures. The government has repeatedly denied allegations that INDEC data are manipulated and, in March 2011, went a step further by fining a number of consulting firms for publishing their inflation estimates. In early April, however, the IMF gave a six-month deadline to Argentinean authorities to implement specific measures in order to improve the quality of inflation data, but INDEC has failed to act so far.
Inflation at 18-month high in August
September 12, 2012
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Argentina Inflation Chart
Note: Annual and monthly var. of consumer price index in %.
Source: Argentina National Statistical Institute (INDEC).
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).