Argentina Inflation August 2020

Argentina

Argentina: Inflation falls again in August

September 13, 2020

Consumer prices increased 2.70% over the last month in August, above the 1.93% increase logged in July. August’s rise was primarily driven by higher prices for food and non-alcoholic beverages as well as for home equipment and maintenance.

Inflation eased to 40.7% in August from July’s 42.4%, continuing its downward trend for the eighth consecutive month. Annual average inflation fell to 48.0% in August (July: 49.2%).

Inflation is expected to be 41.3% at the end of 2020, which is down 0.9 percentage points from last month’s forecast. FocusEconomics panelists expect inflation to end 2021 at 44.3%.


Author: Massimo Bassetti, Senior Economist

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Argentina Inflation August 20 20

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


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