Argentina Inflation January 2017

Argentina

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.

Panelists surveyed for this month’s LatinFocus report expect inflation in the Buenos Aires province to be 21.5% at the end of 2017, which is unchanged from last month’s estimate. Panelists estimate that inflation will end 2018 at 14.9%.


Author: Ricard Torné, Lead Economist

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Argentina CPI Buenos Aires January 2016 4

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


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