Argentina Inflation March 2021

Argentina

Argentina: Inflation climbs further in March

April 16, 2021

Consumer prices jumped 4.80% over the previous month in March, following the 3.60% increase logged in February and marking the fastest increase in 18 months. In March, the sharpest increases in prices were recorded education, clothing and footwear and alcoholic beverages and tobacco.

Inflation increased to 42.6% in March from February’s 40.7%, logging the highest print since June 2020. Meanwhile, annual average inflation fell to 40.2% in March (February: 40.7%).

FocusEconomics panelists project inflation to end 2021 at 48.0%, which is up 1.3 percentage points from last month’s estimate, and 2022 at 36.6%.


Author: Massimo Bassetti, Senior Economist

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Argentina Inflation Chart


Argentina Inflation March 2021

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


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