Inflation in Argentina
Argentina - Inflation
Inflation closes 2019 at one of highest levels in close to three decades
Consumer prices rose 3.7% over the previous month in December, coming in below November’s 4.3% rise and market expectations of a 4.3% increase, according to the National Statistical Institute (INDEC).
In terms of sub-components of the index, the categories of food and non-alcoholic beverages, alcoholic beverages and tobacco, clothing and footwear and education recorded especially marked decelerations in price increases, which more than offset a notable acceleration in prices for housing and utilities and communication.
Meanwhile, inflation picked up pace, coming in at 53.8% in December (November: 52.1%). Meanwhile, annual average inflation edged up to 53.6% from 53.1% in November.
FocusEconomics panelists expect inflation to end 2020 at 41.7% and 2021 at 28.6%%.
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||59.88||0.45 %||Dec 30|
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January 24, 2020
The Universidad Torcuato di Tella (UTDT) consumer confidence index edged up to 43.0 in January from 42.4 in December.
January 23, 2020
The monthly indicator for economic activity (EMAE, Estimador Mensual de Actividad Económica) fell 1.9% year-on-year in November, after logging a 0.7% contraction in October.
January 23, 2020
Exports ticked up a marginal 0.7% in year-on-year terms in December, following November’s much stronger 10.1% increase.
January 16, 2020
On 21 December, Congress approved an emergency economic reform package delivered by the new Peronist government led by Alberto Fernández.
Argentina: Central Bank lowers interest rate floor at January meeting, raising the spectre of a rapid monetary expansion
January 15, 2020
On 9 January, in a bid to stimulate the economy, the Central Bank of Argentina (BCRA) decided to reduce the lower floor for the LELIQ rate to 52.0% from 55.0%, a move which could prompt a further rapid expansion of liquidity.