Argentina Inflation December 2016

Argentina

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.

Panelists surveyed for this month’s LatinFocus report expect inflation in the Buenos Aires province to be 21.1% at the end of 2017, which is unchanged from last month’s estimate. Panelists estimate that inflation will end 2018 at 15.0%.


Author: Ricard Torné, Head of Economic Research

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Argentina CPI Buenos Aires January 2016 5

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


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