Argentina Inflation August 2022

Argentina

Argentina: Inflation increases in August

September 15, 2022

Consumer prices rose 6.97% in August over the previous month, which was below the 7.41% increase recorded in July. The fastest price increases were recorded for clothing and footwear and furniture and household goods.

Inflation came in at 78.5% in August, up from July’s 71.0%. August's figure marked the highest inflation rate since our current records began. Annual average inflation rose to 59.0% in August (July: 56.5%).

FocusEconomics panelists expect inflation to be 73.5% at the end of 2022, which is up 5.0 percentage points from last month’s forecast. Inflation is projected to moderate to 61.8% at the end of 2023.


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