In October, consumer prices added 0.84% over the previous month, which was up from the 0.72% price increase registered in September. The price rise was broad-based, as all major categories but one rose over the previous month. That said, higher prices for food and beverages as well as for clothing were the main drivers behind the October rise. Owing to the subdued price increase, annual headline inflation remained at 11.1% for a third consecutive month, a result that matched market expectations. However, 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 over two years ago. Consumers share this more realistic assessment of inflation. According to a survey from Universidad Torcuato di Tella (UTDT), in November, Argentinean households believe that consumer prices will increase 30% over the next 12 months, which was unchanged from the result of the survey in October.
Official inflation remains unchanged in October
November 12, 2010
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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).