Argentina Inflation January 2020

Argentina

Argentina: Inflation ticks down in January

February 13, 2020

Consumer prices rose 2.3% over the previous month in January, coming in below December’s 3.7% rise and market expectations of a 3.5% increase, according to the National Statistical Institute (INDEC).

In terms of sub-components of the index, the categories of clothing and footwear, housing and utilities, transport and communication recorded especially marked decelerations in price increases, while prices for health and home equipment swung from notable increases to sizable drops. On the other hand, some acceleration in prices for food and non-alcoholic beverages and alcoholic beverages and tobacco was recorded.

Meanwhile, ticked down, coming in at 52.9% in January (December: 53.8%), while annual average inflation edged up to 53.9% from 53.6% in December.

FocusEconomics panelists expect inflation to end 2020 at 41.7% and 2021 at 28.6%%.


Author: Massimo Bassetti, Economist

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Argentina Inflation January 20 20

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


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