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Argentina Kicks Off November With Broad Price Rises Under Automatic Updates

Index-linked adjustments resumed after a pre-election pause, with the official October CPI still pending.

Overview

  • Buenos Aires City raised subway, premetro and intra-CABA bus fares by 4.1% from Nov. 1 and set monthly updates at INDEC CPI plus 2%, with higher charges for non-registered SUBE users.
  • Enargas set a nationwide average 3.8% gas tariff increase for November, and a similar electricity adjustment is expected to be formalized in the coming days.
  • Private health plans notified November quota increases of roughly 2.1% to 2.9%, consistent with the Superintendence of Health’s monthly update mechanism.
  • Rent contracts under the repealed leasing law face a 42.2% adjustment in November based on the Central Bank’s rental index (ICL).
  • Private consultancies offered divergent October inflation estimates for Argentina of roughly 2.0% to 3.3% ahead of the INDEC release, while Peru’s INEI reported monthly deflation in October.