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Argentina’s August Inflation Seen Near 2% as Local Gauges Diverge

Analysts point to peso volatility plus regulated tariffs, with INDEC set to publish the August CPI on September 10.

Overview

  • CREEBBA reported Bahía Blanca consumer prices rose 1.8% in August, taking year‑to‑date inflation to 18.5% and the annual rate to 32.0%.
  • La Plata’s local price index measured a 2.1% monthly rise, led by food, transport, fuel and services, with 18.5% accumulated in 2025 and 33.2% year over year.
  • Private consultoras projected the national August CPI around 2.0%–2.1%, exceeding the BCRA REM’s 1.8% forecast for the month.
  • OJF estimated 2.1% monthly inflation nationwide with 32.2% year‑over‑year and 19.7% year‑to‑date, while Equilibra, EcoGo and Invecq reported similar readings.
  • Economists highlighted recent dollar strength above ARS 1,300 and increases in regulated and seasonal prices as key drivers ahead of INDEC’s official release.