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Argentina Inflation Seen Above 2% in October as INDEC Readout Nears

Forecasters cite renewed food-driven pressures ahead of Wednesday’s official October CPI.

Overview

  • Private consultancies estimate October inflation at roughly 2.1% to 2.4%, signaling a pause in the earlier disinflation after September’s 2.1% reading.
  • The central bank’s REM survey points to a 2.2% October print and projects 2025 inflation near 29.6% year over year.
  • City of Buenos Aires data show a 2.2% rise in October, with prices up 25.3% year to date and 33.6% over 12 months.
  • Firm-level readings include Equilibra at 2.1%, EcoGo and Fundación Libertad y Progreso at 2.4%, and C&T at 2.0% for Greater Buenos Aires.
  • Early November price moves, especially in meat, led some analysts to lift this month’s forecast to about 2.3%–2.5% versus a prior 1.9% consensus, and INDEC plans a methodology change starting in January.