Inflation in Argentina
Argentina - Inflation (end of period)
Inflation climbs steeply in August
According to the National Statistical Institute (INDEC), national consumer prices rose 3.9% over the previous month in August, coming in above July’s 3.1% month-on-month increase and marking the fastest increase in prices in over two years. August’s print reflected a broad-based increase in all 12 components of the index. The strongest price increases were recorded for: communication; housing, water, electricity, gas and other fuels, mainly due to adjustments to public service tariffs; and food and non-alcoholic beverages. National inflation increased from 31.2% in July to 34.4% in August, the highest print since March 2017.
Argentina Inflation Forecast
Panelists surveyed for this month’s LatinFocus report expect national inflation to hit 40.6% at the end of 2018, which is up 10.2 percentage points from last month’s forecast. Inflation is projected to ease to 25.5% at the end of 2019, up 5.3 percentage points from last month.
Argentina - Inflation (eop) Data
|Inflation Rate (CPI, annual variation in %, eop)||26.6||38.0||26.9||41.0||26.1|
5 years of economic forecasts for more than 30 economic indicators.
Argentina Inflation (eop) Chart
Source: National Statistical Institute (INDEC) and FocusEconomics calculations.
|Bond Yield||6.69||0.15 %||Dec 17|
|Exchange Rate||36.60||0.45 %||Oct 11|
|Stock Market||29,598||2.26 %||Oct 12|
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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).
September 27, 2018
The monthly indicator for economic activity (EMAE, Estimador Mensual de Actividad Económica) contracted 2.7% in annual terms in July, a much softer drop than the revised 6.8% fall recorded in June (previously reported: -6.7% year-on-year).