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Argentina October Inflation Seen Topping 2% Again Ahead of INDEC Release

Private surveys point to a renewed monthly floor above 2% driven by food and beverages.

Overview

  • INDEC will publish October CPI on Wednesday, with Buenos Aires City reporting 2.2% as an early signal.
  • The central bank’s REM survey projects a 2.2% rise in October and expects year‑end inflation near 29.6% year over year.
  • Private estimates span a 2.0%–3.3% range: C&T 2.0%, Equilibra 2.1%, EcoGo 2.4%, Libertad y Progreso 2.4%, Econviews 2.7%, and LCG above 3%.
  • Food and beverages led October’s increases, with several trackers near 3% for the category and sharp moves in dairy, fruits, and vegetables.
  • The 2026 budget’s 10.1% annual target implies monthly inflation near 0.8%, highlighting a wide gap with current readings and forecasts.