Argentina Inflation March 2019


Argentina: Inflation continues to soar in March

April 17, 2019

National consumer prices jumped 4.7% over the previous month in March, coming in above February’s 3.8% month-on-month increase and marking the fastest increase since October 2018, according to the National Statistical Institute (INDEC).

March’s reading marks the third consecutive month of acceleration in month-on-month price increases. The strongest price rises were recorded for education, clothing and footwear, and food and non-alcoholic beverages.

Meanwhile, inflation rose from February’s 51.3% to a multi-year high of 54.7% in March, while annual average inflation increased from 38.0% in February to 40.4% in the third month of the year.

Argentina Inflation Forecast

Analysts expect inflation to end 2019 at 30.7%, up 1.9 percentage points from last month, and 2020 at 20.8%.

Author: Massimo Bassetti, Senior Economist

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Argentina Inflation Chart

Argentina Inflation March 2019

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

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