Argentina Inflation October 2016

Argentina

Argentina: Buenos Aires inflation jumps in October on higher prices for gas

November 10, 2016

In October, consumer prices in the greater Buenos Aires capital area increased 2.4% from the previous month, accelerating from September’s 1.1% expansion, according to recent data published by the National Statistics Institute (INDEC). INDEC attributed the monthly acceleration to higher prices for housing and basic services, clothing and footwear, and healthcare. The surge in basic services reflects the government’s decision to hike gas prices in October.

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 October, inflation picked up from 43.1% in September to 44.7%.

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 CPI Buenos Aires January 2016 2

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


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