Argentina: Monthly change in consumer prices picks up pace in February
March 9, 2017
In February, consumer prices in the greater Buenos Aires capital area increased 2.5% from the previous month, accelerating from January’s 1.3% expansion, according to recent data published by the National Statistics Institute (INDEC). The increase was in line with market expectations and marked the highest print in eight months. The figure reflected high prices for food and beverages, transport and communications, and housing rents and services.
INDEC did not release inflation figures and announced that it would start publishing year-on-year variations in consumer prices when a base of comparison is available. The latest data compiled by the Statistical Institute of the City of Buenos Aires show that in February, inflation slowed from 38.0% in January to 35.6%, which marked the lowest reading since April 2016.
Author: David Ampudia, Economist