Inflation Rate in Argentina
Inflation increases in April
Inflation rose to 108.8% in April, following March’s 104.3%. April’s reading was the highest inflation rate since our current records began.
The trend pointed up, with annual average inflation coming in at 89.1% in April (March: 84.8%).
Finally, consumer prices rose 8.40% from the previous month in April, picking up from March’s 7.68% increase and marking the highest monthly print since April 2002.
Commenting on the release, Lucila Barbeito and Diego W. Pereira, analysts at JPM, stated:
“Following April’s strong upward surprise, we revise our central scenario ahead. We now assume monthly headline inflation at 8.1%m/m on average through year-end. We assume a correction of the official exchange rate by end-2023 upon a new administration taking office in December.”
Argentina Inflation Rate Chart
Argentina Inflation Rate Data
|Inflation (CPI, ann. var. %, aop)||27.7||34.3||53.5||42.0||48.4|