Argentina: Buenos Aires inflation hits four-month high in November
December 13, 2016
In November, consumer prices in the greater Buenos Aires capital area increased 1.6% from the previous month, decelerating from October’s 2.4% expansion, according to recent data published by the National Statistics Institute (INDEC). October’s surge in prices reflected the government’s decision to hike gas prices in that month. In November, the print reflected higher prices for household appliances and food and beverages.
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 November, inflation picked up from 44.7% in October to 44.8%, which marked the highest print in four months.