Inflation in Argentina
Argentina - Inflation
Inflation rises in April
According to the National Statistics Institute (INDEC), national consumer prices rose 2.7% over the previous month in April, coming in above March’s 2.3% month-on-month increase. The result reflected higher prices in all 12 components of the index. In month-on-month terms, prices for households; water, electricity, gas and other fuels rose 8.0%; prices for transportation rose 4.0%; and prices for clothing and footwear rose 4.0%. The increase in these subcomponents reflected cuts in government subsidies. The annual variation in consumer prices reached 25.5% in April, slightly above March’s 25.4% increase.
Panelists surveyed for this month’s LatinFocus report expect national inflation to be 22.7% at the end of 2018, which is up 3.4 percentage points from last month’s forecast. Inflation is projected to reach 15.7% at the end of 2019. The current LatinFocus projections vastly exceed the Central Bank’s target of inflation for the end of 2018 (15.0%) and for the end of 2019 (10.0%).
Data compiled by the Statistical Institute of the city of Buenos Aires showed that consumer prices in the city of Buenos Aires rose from a 2.1% month-on-month increase in March to a 3.0% rise in April. Inflation jumped from 25.4% in March to 26.5% in April.
The inflation data released by the Statistical Institute of the city of Buenos Aires and INDEC are not comparable, as the two index structures are not homologous. This is due to different baskets of goods, samples and data collection methodologies.
Panelists surveyed for this month’s LatinFocus report expect inflation in the city of Buenos Aires to be 19.7% at the end of 2018, which is up 0.6 percentage points from last month’s estimate. Panelists estimate that inflation will end 2019 at 13.6%.
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||27.92||0.45 %||Jun 14|
|Stock Market||30,115||2.26 %||Jun 14|
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June 20, 2018
According to the Statistical Institute (Instituto Nacional de Estadísticas y Censos, INDEC), economic activity in Q1 decelerated from Q4’s 3.9% year-on-year expansion, but remained strong at a 3.6% increase.
June 8, 2018
Argentina reached a USD 50.0 billion Stand-By Agreement (SBA) deal with the IMF, after weeks of financial turbulence caused the currency to depreciate sharply in early May.
May 31, 2018
In April, industrial production expanded 3.4% over the same month last year, according to data released by the National Statistical Institute (INDEC) on 1 June.
May 25, 2018
The Universidad Torcuato di Tella (UTDT) consumer confidence index dropped from 40.1 points in April to 36.1 points in May.
May 23, 2018
At its latest bimonthly meeting held on 22 May, the Central Bank of Argentina (Banco Central de la República Argentina, BCRA) decided to leave the 7-day repo reference rate unchanged at an all-time high of 40.00%.