Argentina: Inflation moderates in January
February 11, 2011
In January, consumer prices added 0.73% over the previous month, which was down from the 0.84% price increase registered in December. The price rise was broad-based, with all major categories rising over the previous month. Annual headline inflation moderated, stepping down from 10.9% in December to 10.6% in January. Official inflation data published by the National Statistics Institute (INDEC) continues to be met with suspicion ever since a controversial change in the methodology to measure price variations was implemented over two years ago. Consumers share this more realistic assessment of inflation. According to a survey from Universidad Torcuato di Tella (UTDT) conducted in February, households believe that consumer prices will increase 30% over the next 12 months, which is up from expectations in January, when households anticipated a 25% increase.
Author: Armando Ciccarelli, Head of Data Solutions