Overview
- Consumer prices rose 2.3% in October, up from 2.1% in September and slightly above the 2.2% forecast.
- The annual slowdown persisted despite a modest monthly pickup, reinforcing the longer disinflation trend.
- Economy Minister Luis Caputo said the figures show the government's program is curbing volatility's hit to purchasing power.
- President Javier Milei's decisive midterm win is viewed as giving him latitude to press ahead with economic overhauls despite public unease over austerity.
- Analysts in the central bank's survey see year-end inflation near 29.6%, as earlier U.S. fund disbursements helped steady the currency market before the vote.