Inflation in Argentina
Argentina - Inflation
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.
FocusEconomics panelists expect inflation to end 2019 at 53.7% and 2020 at 41.2%.
Argentina - Inflation Data
|Inflation Rate (CPI, annual variation in %)||18.4||38.0||26.7||41.2||27.7|
5 years of economic forecasts for more than 30 economic indicators.
Argentina Inflation Chart
Source: National Statistical Institute (INDEC) and FocusEconomics calculations.
|Bond Yield||6.69||0.15 %||Dec 17|
|Exchange Rate||56.01||0.45 %||Sep 04|
|Stock Market||24,665||2.26 %||Sep 04|
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November 6, 2019
Industrial production fell 5.1% over the same month of last year in September, according to data released by the National Statistical Institute (INDEC) on 6 November.
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As had been widely expected, Alberto Fernández, candidate of Everyone’s Front coalition (Frente de Todos), comfortably secured the presidency in general elections held on 27 October.
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October 25, 2019
The Universidad Torcuato di Tella (UTDT) consumer confidence index rose to 43.8 in October from 42.1 in September.