The skyline in Argentina

Argentina Inflation September 2019

Argentina: Pass-through effects from August’s selloff keep inflation elevated in September

Consumer prices surged 5.9% over the previous month in September, coming in well above August’s 4.0% and marking the second consecutive month of intensifying price pressures, according to the National Statistical Institute (INDEC).

September’s acceleration was due to pass-through effects from the sharp depreciation of the peso which followed Macri’s unexpectedly large defeat at 11 August’s primary elections. Looking at the subcomponents of the index, the jump came on the back of a broad-based acceleration among sub-components of the index. The categories of clothing and footwear, communication and health recorded especially marked accelerations in price increases.

Inflation ticked down, however, coming in at 53.5% in September (August: 54.5%). Meanwhile, annual average inflation edged up to 52.4% from 51.3% in August.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest