Inflation in Argentina
Argentina - Inflation
Inflation plunges to lowest level since September 2018 in June
Consumer prices increased 2.24% in June over the last month, after the 1.54% rise logged in May. The sharpest price increases were recorded for clothing and footwear, recreation and culture and home equipment and maintenance.
Inflation dropped to 42.8% in June, which was down from May’s 43.4%. June's result represented the lowest inflation rate since September 2018. Annual average inflation fell to 50.2% in June (May: 51.3%).
FocusEconomics panelists expect inflation to end 2020 at 41.7% and 2021 at 28.6%.
Argentina - Inflation Data
|Inflation Rate (CPI, annual variation in %)||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||59.88||0.45 %||Dec 30|
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August 7, 2020
The Universidad Torcuato di Tella (UTDT) consumer confidence index edged down from 39.5 in June to 38.2 in July, the lowest reading since May 2019.
August 6, 2020
Industrial output decreased 6.6% year-on-year in June (May: -26.4% yoy).
August 6, 2020
On 4 August, the Argentinian government reached an agreement with its biggest creditors to restructure around USD 65 billion in foreign debt.
July 28, 2020
Exports fell 8.6% in year-on-year terms in June, following May’s sharper 16.3% dive.
July 22, 2020
Economic activity dropped 20.6% year-on-year in May (April: -26.3% yoy).