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Argentina October Inflation Seen Ticking Higher, Likely Above 2%, Led by Food

Late-month peso stability after the midterms tempered earlier price pressures ahead of the Nov. 12 INDEC release.

Overview

  • Most private forecasts place October CPI above September’s 2.1% in a roughly 2.0%–2.8% range, with an outlier near 1.9%.
  • Consultancies identify food and beverages as the chief driver, with notable increases in dairy, eggs, baked goods and meats.
  • Firms including EcoGo and Econviews trimmed late-October imputations after the election result sparked a market rally and a stronger peso.
  • Services and regulated items also rose, and analysts flag recent tariff adjustments as a source of additional pressure for November.
  • INDEC is scheduled to report the official October reading on November 12, while a UTDT survey pegged expected monthly inflation at about 3.96%.