Argentina Inflation February 2019

Argentina

Argentina: Inflation ramps up in February

March 14, 2019

According to the National Statistical Institute (INDEC), national consumer prices jumped 3.8% over the previous month in February, coming in above January’s 2.9% month-on-month increase.

February’s reading marks the second consecutive month of acceleration in month-on-month price increases. The strongest price increases were recorded for housing, water, electricity, gas and other fuels—due to planned tariff increases—and food and non-alcoholic beverages.

Meanwhile, inflation rose from January’s 49.3% to a multi-year high of 51.3% in February, while the annual average inflation increased from 35.8% in January to 38.0% in the second month of the year.

Argentina Inflation Forecast


Analysts expect inflation to end 2019 at 28.8%, unchanged from last month, and 2020 at 20.2%. .


Author: Massimo Bassetti, Economist

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Argentina Inflation Chart


Argentina Inflation February 2019

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


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