Argentina: Buenos Aires inflation slows to eight-month low in December
January 11, 2017
In December, consumer prices in the greater Buenos Aires capital area of Argentina increased 1.2% from the previous month, decelerating from November’s 1.6% expansion, according to recent data published by the National Statistics Institute (INDEC). The print reflected high prices for household appliances, recreation, and housing and utilities.
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 December, inflation slowed from 44.8% in November to 41.0%, which marked the lowest print since May 2016.