Argentina October Inflation Rises to 2.2%
Housing and utilities climbed 4.2%, while consumer prices rose above analysts’ estimates and kept annual inflation at 33.1%, government data showed.
- INDEC reported Argentina's consumer prices rose 2.2 percent, a rise of 0.3 points from the previous month. The reading exceeded the 1.9 percent median analyst estimate, complicating the inflation agenda of President Javier Milei.
- Driven by a hike in natural gas prices, housing and utilities recorded the largest monthly increase at 4.2 percent. This rise contributed significantly to the headline inflation figure reported by national agencies.
- Year-on-Year inflation eased slightly to 33.1 percent from 33.4 percent, while Core inflation, a government priority, fell to 1.5 percent, the lowest level in recent periods.
- After growth concerns and re-election worries regarding the current administration surfaced, debt yields doubled from recent lows. IMF spokeswoman Julie Kozack cautioned against placing excessive emphasis on short-term market movements.
- Forecasts for 2026 growth have been cut to 0.7 percent by economists surveyed by the Central Bank, down from 3.2 percent at the start of the year. This revision reflects the country's difficult path to economic recovery.
54 Articles
54 Articles
With the highest monthly record in six months, accumulated inflation rose to 26.3% and year-on-year inflation stood at 33.1%, exceeding all previous estimates of the Central Bank and private consultants.
Buenos Aires, Nov 12 (EFE).- Consumer prices in Argentina rose in October 2.2% with respect to September, their biggest jump in six months, as they showed the difficulties that the deinflation process is going through in the South American country.According to the National Institute of Statistics and Censuses (Indec), the index of [...] The entry Monthly inflation in Argentina climbs to its highest level in six months was first published in Hola…
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…
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