Argentina Inflation December 2019

Argentina

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.

FocusEconomics panelists expect inflation to end 2020 at 41.7% and 2021 at 28.6%%.


Author: Massimo Bassetti, Economist

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Argentina Inflation Chart


Argentina Inflation December 2019

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


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