Overview
- Private consultancies estimate October CPI between 2.0% and above 3%, with C&T at 2.0%, Eco Go at 2.4% and LCG above 3%, citing sharp increases in dairy and eggs, fruits and vegetables.
- Gas bills rose an average 3.8% from November 1 and electricity is expected to see a similar update, while prepaid health plans increased 2.1–2.9% and AMBA bus and subway fares climbed about 4.1%.
- The central bank loosened bank reserve requirements and reduced peso absorption, moves taken after heavy retail dollar buying in September that the BCRA reported at US$5.08 billion by 1.8 million people.
- Financial assets surged after the governing coalition’s victory, with the Merval in dollars up 34% and country risk down roughly 400 basis points, even as inflation pressures persist.
- Preliminary readings point to weak October tax receipts, and Economy Minister Luis Caputo is preparing a new IMF review that could require deeper fiscal adjustment.