Argentina Inflation January 2019

Argentina

Argentina: Inflation jumps in January on a low-base effect

February 15, 2019

According to the National Statistical Institute (INDEC), national consumer prices rose 2.9% over the previous month in January, coming in above December’s 2.6% month-on-month increase.

January’s reading breaks the streak of three consecutive months of deceleration in month-on-month price increases. The strongest price increases were recorded for communication—due to notable mobile phone tariff increases—, restaurant and hotels, and alcoholic beverages and tobacco. The category of food and non-alcoholic beverages, which has an important weight in the index, also increased notably.

Meanwhile, inflation rose from December’s 47.6% to an over 27-year high of 49.3% in January, also due to a low-base effect from January 2018.

Inflation is expected to be 28.0% at the end of 2019, which is up 0.9 percentage points from last month’s forecast. Inflation is projected to fall to 18.6% at the end of 2020.


Author: Massimo Bassetti, Economist

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Argentina Inflation Chart


Argentina Inflation January 2019

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


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