Inflation in Argentina
Argentina - Inflation
Inflation continues to climb in July
According to the National Statistics Institute (INDEC), national consumer prices rose 3.1% over the previous month in July, coming in below June’s 3.7% month-on-month increase. June’s print reflected a broad-based increase in 11 of the 12 components of the index. The strongest price increases were recorded for: transportation, mainly due to the rise in fuel prices; recreation and culture, due to winter holidays; and household equipment. National inflation increased from 29.5% in June to 31.2% in July, the highest print since March 2017.
Argentina Inflation Forecast
Panelists surveyed for this month’s LatinFocus report expect national inflation to hit 30.4% at the end of 2018, which is up 0.8 percentage points from last month’s forecast. Inflation is projected to ease to 20.2% at the end of 2019. The current LatinFocus projections significantly exceed the Central Bank’s inflation targets for the end of 2018 (15.0%) and the end of 2019 (19.0%).
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||29.86||0.45 %||Aug 17|
|Stock Market||26,239||2.26 %||Aug 17|
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August 16, 2018
According to the National Statistics Institute (INDEC), national consumer prices rose 3.1% over the previous month in July, coming in below June’s 3.7% month-on-month increase.
August 8, 2018
At its latest meeting held on 7 August, the Central Bank of Argentina (Banco Central de la República Argentina, BCRA) decided to change its key policy instrument from the seven-day repo reference rate (seven-day LEBAC rate) to the seven-day liquidity bills rate (seven-day LELIQ rate).
August 3, 2018
In June, industrial production plunged 8.1% over the same month last year, according to data released by the National Statistical Institute (INDEC) on 2 August.
July 26, 2018
Exports fell 1.4% in year-on-year terms in June, an improvement from May’s revised 6.5% year-on-year contraction (previously reported: -6.0% year-on-year).
July 24, 2018
The monthly indicator for economic activity (EMAE, Estimador Mensual de Actividad Económica) contracted 5.8% in annual terms in May, which was below the revised 0.6% fall recorded in April (previously reported: -0.9% year-on-year) and marked the worst performance in nearly nine years. The contraction came on the back of a significant decline in agriculture, livestock, hunting and forestry activity, which plunged 35.2% in May (April: -30.3% yoy; previously reported: -30.8% yoy).