Argentina Inflation November 2016


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.

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: Ricard Torné, Lead Economist

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Argentina Inflation Chart

Argentina CPI Buenos Aires January 2016 3

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

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