Argentina Inflation


Inflation picks up in January

According to official figures, consumer prices for the Great Buenos Aires area added 1.1% over the previous month in January, which was slightly up from the 1.0% rise recorded in December. The monthly increase was driven by higher prices for transport and communications as well as for recreation. As a result of the monthly rise, annual headline inflation picked up from 10.8% in December to 11.1% in January, marking the highest level seen in more than two years.

However, according to the so-called "Congress Index" (IPC-Congreso) - a monthly inflation estimate based on the analysis of various private consulting firms elaborated by a group of opposition lawmakers - consumer prices increased 2.6% over the previous month in January, up from the 2.1% recorded in December. As a result, annual inflation rose to 26.7%, up from the 25.6% recorded at the end of 2012.

Consumers share private analysts' more realistic inflation assessments. According to a Universidad Torcuato di Tella (UTDT) survey conducted in January, households believe that consumer prices will increase 30% over the next 12 months, unchanged from the result reported in December.

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Argentina Inflation Chart

Argentina Inflation January 2013

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

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