Argentina Inflation July 2019

Argentina

Argentina: Inflation slows for the second consecutive month in July

August 15, 2019

National consumer prices rose 2.2% over the previous month in July, coming in below June’s 2.7% month-on-month increase and marking the lowest reading in 14 months, according to the National Statistical Institute (INDEC).

July’s slowing was mainly driven by softer price increases for food and non-alcoholic beverages, clothing and footwear, housing maintenance and furnishing, and transport. On the other hand, faster price rises were recorded for education, recreation and culture, and restaurants and hotels.

For its part, inflation eased for the second successive month, coming in at 54.4% in July (June: 55.8%). Meanwhile, annual average inflation edged up to 49.6% from 47.7% in June.

FocusEconomics panelists expect inflation to end 2019 at 39.1% and 2020 at 26.4%.


Author:, Economist

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Argentina Inflation July 2019

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


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