Inflation in Argentina
Argentina - Inflation
Inflation ticks down as peso stabilizes
According to the National Statistical Institute (INDEC), national consumer prices rose 2.6% over the previous month in December, coming in below November’s 3.2% month-on-month increase.
December’s reading represented the third consecutive month of decelerating month-on-month price increases. It reflected pass-through effects from a stabilizing peso, which again translated into a broad-based slowing in month-on-month price growth in the 12 components of the index in December. The strongest price increases were recorded for communication—due to mobile phone tariff increases—and healthcare.
Meanwhile, inflation moderated from November’s multi-year high of 48.5% to 47.6% in December.
Argentina Inflation Forecast
Inflation is expected to be 28.0% at the end of 2019, which is up 0.9 percentage points from last month’s forecast. Inflation is projected to fall to 18.6% at the end of 2020.
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||37.49||0.45 %||Jan 16|
|Stock Market||34,048||2.26 %||Jan 16|
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January 16, 2019
According to the National Statistical Institute (INDEC), national consumer prices rose 2.6% over the previous month in December, coming in below November’s 3.2% month-on-month increase. December’s reading represented the third consecutive month of decelerating month-on-month price increases.
January 15, 2019
At its latest meeting held on 2 January, the Central Bank of Argentina (Banco Central de la República Argentina, BCRA) announced it will meet the 0% monetary base growth target in January and could surpass its goal in February and March.
January 3, 2019
Industrial production plunged 13.3% over the same month of last year in November, according to data released by the National Statistical Institute (INDEC) on 3 January, marking a steeper fall than October’s 6.8% year-on-year decline and the worst reading since June 2002. November’s result again reflected contractions in almost all components of the index.
December 28, 2018
The monthly indicator for economic activity (EMAE, Estimador Mensual de Actividad Económica) contracted 4.0% in annual terms in October, a softer drop than the revised 6.1% fall recorded in September (previously reported: -5.8% year-on-year).
December 20, 2018
According to the Statistical Institute (Instituto Nacional de Estadísticas y Censos, INDEC), economic activity in the third quarter contracted 3.5% in year-on-year terms on the back of plunging domestic demand.