Argentina: Consumer prices accelerate from previous month in January
February 9, 2017
In January, consumer prices in the greater Buenos Aires capital area increased 1.3% from the previous month, accelerating from December’s 1.2% expansion, according to recent data published by the National Statistics Institute (INDEC). Despite the increase, the reading was below the 1.7% rise that market analysts had expected. The print reflected high prices for recreation, transport and communications and, to a lesser extent, 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. The latest 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.