Inflation in Argentina
Argentina - Inflation
Inflation accelerates on lagged pass-through effects from a weak peso
According to the National Statistical Institute (INDEC), national consumer prices rose 5.4% over the previous month in October, coming in below September’s 6.5% month-on-month increase, which had marked the fastest increase in prices since April 2016. October's reading again reflected lagged pass-through effects from a weaker peso in September, which translated into a broad-based increase in all 12 components of the index in October. Nevertheless, these effects are expected to wane in November as the peso strengthened in the previous month. The strongest price increases were recorded for: housing, water, electricity, gas and other fuels; transport, mainly due to higher public tariffs and fuel prices; and food and non-alcoholic beverages. Meanwhile, inflation jumped from 11.5% in September to 45.9% in October, the highest print since July 2016.
Inflation is expected to be 28.0% at the end of 2019, which is up 0.9 percentage points from last month’s forecast. Inflation is projected to fall to 18.6% 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 Met the why particular calculations.
|Bond Yield||6.69||0.15 %||Dec 17|
|Exchange Rate||37.68||0.45 %||Dec 11|
|Stock Market||30,754||2.26 %||Dec 11|
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December 5, 2018
Industrial production contracted 6.8% over the same month of last year in October, according to data released by the National Statistical Institute (INDEC) on 4 December, marking a softer fall than September’s multi-year low 11.5% year-on-year decline. October’s reading again reflected contractions in almost all components of the index.
November 26, 2018
The monthly indicator for economic activity (EMAE, Estimador Mensual de Actividad Económica) contracted 5.8% in annual terms in September, a much sharper drop than the revised 1.9% fall recorded in August (previously reported: -1.6% year-on-year).
November 26, 2018
Exports increased 1.4% in year-on-year terms in October, contrasting September’s 4.8% fall.
November 22, 2018
The Universidad Torcuato di Tella (UTDT) consumer confidence index fell to 32.1 points in November from 32.6 points in October, marking the worst reading since September 2002.
November 16, 2018
According to the National Statistical Institute (INDEC), national consumer prices rose 5.4% over the previous month in October, coming in below September’s 6.5% month-on-month increase, which had marked the fastest increase in prices since April 2016.