Argentina: Inflation closes 2019 at one of highest levels in close to three decades
January 15, 2020
Consumer prices rose 3.7% over the previous month in December, coming in below November’s 4.3% rise and market expectations of a 4.3% increase, according to the National Statistical Institute (INDEC).
In terms of sub-components of the index, the categories of food and non-alcoholic beverages, alcoholic beverages and tobacco, clothing and footwear and education recorded especially marked decelerations in price increases, which more than offset a notable acceleration in prices for housing and utilities and communication.
Meanwhile, inflation picked up pace, coming in at 53.8% in December (November: 52.1%). Meanwhile, annual average inflation edged up to 53.6% from 53.1% in November.