Argentina: Inflation climbs steeply in August
September 25, 2018
According to the National Statistical Institute (INDEC), national consumer prices rose 3.9% over the previous month in August, coming in above July’s 3.1% month-on-month increase and marking the fastest increase in prices in over two years. August’s print reflected a broad-based increase in all 12 components of the index. The strongest price increases were recorded for: communication; housing, water, electricity, gas and other fuels, mainly due to adjustments to public service tariffs; and food and non-alcoholic beverages. National inflation increased from 31.2% in July to 34.4% in August, the highest print since March 2017.
Argentina Inflation Forecast
Panelists surveyed for this month’s LatinFocus report expect national inflation to hit 40.6% at the end of 2018, which is up 10.2 percentage points from last month’s forecast. Inflation is projected to ease to 25.5% at the end of 2019, up 5.3 percentage points from last month.