Argentina Inflation September 2016

Argentina

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.

Panelists surveyed for this month’s LatinFocus report expect inflation in the Buenos Aires province to be 39.2% at the end of 2016, which is down 0.9 percentage points from last month’s estimate. Panelists estimate that inflation will end 2017 at 21.0%, which is down 0.1 percentage points from last month’s estimate.


Author:, Senior Economist

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Argentina CPI Buenos Aires January 2016 1

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


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