Inflation Edges up Slightly, Surpassing Expectations
Consumer prices rose 2.2% last month, above analysts’ 1.9% forecast, as housing and utilities posted the biggest increase.
- Argentina's INDEC national statistics bureau reported Thursday that inflation rose 0.3 percentage points to 2.2 percent in October, creating sticky price pressures ahead of next year's election.
- President Javier Milei has prioritized lowering inflation since taking office three years ago, when annual price increases were in the triple digits; it remains his signature achievement.
- Consumer prices rose 2.2 percent last month, exceeding the 1.9 percent median estimate analysts surveyed by Bloomberg. Housing and utilities saw the biggest increases at 4.2 percent, driven by natural gas price hikes.
- IMF spokeswoman Julie Kozack cautioned against overemphasizing short-term market movements Thursday, while the Central Bank anticipates Argentina may face a technical recession as growth remains weaker than expected.
- Concerns over Milei's re-election prospects next year have rattled markets, with the extra yield investors demand for Argentine debt more than doubling from its July low.
33 Articles
33 Articles
In October prices rose 2.2% and accumulated 26.3% in the first ten months of the year
Monthly inflation in Argentina again exceeded 2% in October, reflecting the difficulties of the government of President Javier Milei to deepen the deceleration of prices, according to data released on Thursday (12) by the National Institute of Statistics and Censuses (Indec). Also read: Economy of Argentina walks for recession and test Milei before the election of 2027 Iran classified the Navy and Air Force of Argentina as 'terrorist organizatio…
The National Institute of Statistics and Censuses (INDEC) reported that October 2026 inflation was 2.2%, the highest value since April this year.
It was driven by gas tariffs and food jump; prices accumulated a rise of 26.3% in the first ten months of the year and 33.1% in the year-on-year comparison
Index accelerated in relation to September, when it recorded a high of 1.9%; gas readjustments and fuels pressed prices. Read on Power360.
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