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 Met the why particular calculations.
|Bond Yield||6.69||0.15 %||Dec 17|
|Exchange Rate||37.30||0.45 %||Sep 24|
|Stock Market||33,164||2.26 %||Sep 24|
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September 12, 2018
At its latest meeting held on 11 September, the Central Bank of Argentina (Banco Central de la República Argentina, BCRA) decided to leave the seven-day liquidity bills rate (seven-day LELIQ rate) unchanged at an all-time high of 60.00%.
September 4, 2018
Industrial production contracted 5.7% over the same month of last year in July, according to data released by the National Statistical Institute (INDEC) on 4 September.
August 24, 2018
The Universidad Torcuato di Tella (UTDT) consumer confidence index was stable in August from July at 36.3 points, and just a notch higher than June’s four-year low.
August 23, 2018
The monthly indicator for economic activity (EMAE, Estimador Mensual de Actividad Económica) contracted 6.7% in annual terms in June, deteriorating from the 5.2% contraction recorded in May (previously reported: -5.8% year-on-year) and marking the worst performance in nine years. June’s contraction came on the back of significant annual declines in agricultural and industrial output, as well as severely restricted trade activity.
August 22, 2018
Exports rebounded in July, expanding 1.7% in year-on-year terms following June’s revised 1.0% contraction (previously reported: -1.4% year-on-year).