Inflation in Argentina
Argentina - Inflation
Peso fall fans inflation in September
According to the National Statistical Institute (INDEC), national consumer prices rose 6.5% over the previous month in September, coming in well above August’s 3.9% month-on-month increase and marking the fastest increase in prices since April 2016. September’s acceleration reflected the pass-through of a weaker peso, which translated into a broad-based increase in all 12 components of the index. The strongest price increases were recorded for: transport, mainly due to higher public tariffs and fuel prices; clothing and footwear; and housing, water, electricity, gas and other fuels. Meanwhile, inflation increased from 34.4% in August to a staggering 40.5% in September, the highest print since December 2016.
Argentina Inflation Forecast
Panelists surveyed for this month’s LatinFocus report expect national inflation to fall 27.1% at the end of 2019, which is up 1.6 percentage points from last month’s forecast. Inflation is projected to ease to 18.8% 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||35.90||0.45 %||Oct 16|
|Stock Market||29,431||2.26 %||Oct 16|
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October 18, 2018
According to the National Statistical Institute (INDEC), national consumer prices rose 6.5% over the previous month in September, coming in well above August’s 3.9% month-on-month increase and marking the fastest increase in prices since April 2016.
October 5, 2018
On 26 September, the IMF announced a revamped and upgraded financing agreement to crisis-stricken Argentina, giving President Mauricio Macri’s government an economic lifeline until next year’s general election.
October 4, 2018
Industrial production contracted 5.6% in August over the same month of last year, according to data released by the National Statistical Institute (INDEC) on 4 October, which was marginally less than July’s 5.7% year-on-year decline. August’s reading reflected contractions in almost all components of the index.
September 28, 2018
The Universidad Torcuato di Tella (UTDT) consumer confidence index fell to 33.7 points in September from 36.3 points in August, marking the worst reading since February 2014.
September 27, 2018
Exports contracted 1.4% in year-on-year terms in August, contrasting July’s revised 1.8% expansion (previously reported: +1.7% year-on-year).