Argentina: Buenos Aires inflation decreases again in September
October 13, 2016
In September, consumer prices in the greater Buenos Aires capital area increased 1.1% from the previous month, accelerating from the previous month’s 0.2% increase, according to recent data published by the National Statistics Institute (INDEC). INDEC attributed the monthly increase to higher prices for food and drinks, while prices for housing decreased.
INDEC did not release inflation figures and announced that it would start publishing year-on-year variations in consumer prices when a base of comparison is available. Data compiled by the Statistical Institute of the City of Buenos Aires show that in September, inflation decreased for the second consecutive month in nearly a year to stand at 43.1%. The figure was down from August’s 43.5% reading.
Author: Dirina Mançellari, Senior Economist