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Argentina Food Inflation Rebounds as Forecasts Put September Above 2%

The central bank sold dollars to keep the official rate at the band ceiling, signaling renewed pass-through to household staples.

Overview

  • LCG measured a 1.6% weekly rise in food and beverages for Sept. 12–18, with a four-week average of 1.2% and a point-to-point reading of 1.3%.
  • Bread, cereals and pastas rose 5.2% and dairy and eggs 5.1% on the week, while meats fell 0.1% and vegetables dropped 3.4%.
  • Weekly readings diverged across consultoras—LCG at 1.6%, Equilibra at 0.6%, Analytica at 0.21%—reflecting methodological differences and volatility.
  • Analytica projects roughly 2.1% and Equilibra about 2.2% inflation for September’s general index, suggesting the monthly rate will top 2%.
  • With the official dollar at the band ceiling, the BCRA intervened for the first time since April 11, with market reports of about US$1.1 billion sold over three days.