Argentina: Buenos Aires inflation jumps in January
March 10, 2016
Consumer prices in January increased 4.1% over the previous month, according to the inflation index elaborated by the National Statistics Institute (INDEC) covering the province of Buenos Aires. The reading came in above the 3.9% rise seen in the previous month and marked the fastest increase in nearly two years. In January, inflation in the Buenos Aires province was 29.6%. The figure was up from the 26.9% increase observed in the previous month and marked the highest reading in nearly a year.
As part of the overhaul, Argentina’s new government has recently reformed the country’s statistical office by changing the staff. The INDEC has announced that official figures of the national consumer prices index will not be available until later this year. As a result, in the meanwhile, the statistical office is reporting two provincial statistics (Buenos Aires and San Luis) as a proxy to estimate the change in consumer prices.
Author: Dirina Mançellari, Senior Economist