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Argentina Inflation August 2023

Argentina: Inflation comes in at highest level since our records began

Inflation came in at 124.4% in August, up from July’s 113.4%. August’s figure represented the highest inflation rate since our current records began.

Annual average inflation rose to 105.4% in August (July: 101.4%).

Finally, consumer prices rose 12.44% over the previous month in August, picking up from July’s 6.34% rise.

Looking ahead, inflation will accelerate further given the Central Bank devalued the peso by roughly a fifth following the mid-August primary elections, with the parallel-market peso weakening in tandem.

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