Argentina Inflation September 2020

Argentina

Argentina: Inflation falls again in September

October 19, 2020

Consumer prices increased 2.84% over the last month in September, above the 1.70% increase logged in August. September’s rise was primarily driven by higher prices for clothing and footwear as well as for alcoholic beverages and tobacco.

Inflation eased to 36.6% in September from August’s 40.7%, continuing its downward trend for the ninth consecutive month and logging the lowest reading since August 2018. Annual average inflation fell to 46.6% in September (August: 48.0%).

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 September 20 20

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


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