In June, consumer prices rose 0.71% over the previous month, broadly in line with the 0.74% price increase registered in May and the 0.73% increase tallied in June last year. As a result, annual headline inflation remained stable for a fourth consecutive month at 9.7%, the lowest level since March 2010. Official inflation data published by the National Statistics Institute (INDEC) continue to be met with suspicion ever since a controversial change in the methodology to measure price variations 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 issuing fines against a number of economic consultancy firms over the publication of inflation estimates differing from INDEC's, 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 of independent analysts' estimates. Consumers share the more realistic assessment of inflation made by private analysts. According to a survey from Universidad Torcuato di Tella (UTDT) conducted in July, households believe that consumer prices will increase 25% over the next 12 months, which was in line with results from June's survey.
Inflation stable for a fourth consecutive month
July 19, 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).