Argentina Inflation April 2019

Argentina

Argentina: Inflation continues to increase in April

May 16, 2019

National consumer prices rose 3.4% over the previous month in April, coming in below March’s 4.7% month-on-month jump and ending a three-month streak of intensifying price pressures, according to the National Statistical Institute (INDEC).

April’s deceleration was prompted by lower increases in prices for food and non-alcoholic beverages, alcoholic beverages and tobacco, and education. The strongest price rises were recorded for clothing and footwear, and housing maintenance and furbishing.

Meanwhile, inflation rose from March’s 54.7% to a new multi-year high of 55.8% in April, while annual average inflation increased from 40.4% in March to 42.9% in the fourth month of the year.

Analysts expect inflation to end 2019 at 38.2%, up 3.9 percentage points from last month, and 2020 at 25.5%.


Author: Massimo Bassetti, Economist

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Argentina Inflation April 2019

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


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