Argentina Inflation October 2020

Argentina

Argentina: Inflation increases in October

November 16, 2020

Consumer prices soared 3.76% over the last month in October, above the 2.84% increase logged in September and the marking third consecutive month of acceleration. October’s rise was primarily driven by higher prices for clothing and footwear as well as for food and non-alcoholic beverages.

Inflation rose to 37.2% in October from September’s 36.6%, putting an end to nine consecutive months of decline. Annual average inflation fell to 45.5% in October (September: 46.6%).

FocusEconomics panelists project inflation to end 2021 at 48.0%, which is up 1.3 percentage points from last month’s estimate, and 2022 at 36.6%.


Author: Massimo Bassetti, Senior Economist

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Argentina Inflation October 20 20

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


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