Overview
- Private consultancies and market trackers report monthly inflation has slowed toward roughly 1.7–2.0% in October, and they project similar monthly rates through year‑end.
- Weekly food prices rose for a seventh straight week in mid‑October, with meats and beverages accounting for more than half of the recent weekly increase.
- The government has deferred accumulated fuel tax updates until November 1 to cap pump prices, a short‑term step that helps hold consumer inflation down.
- INDEC data show wholesale inflation jumped 3.2% in September mainly because of sharp crude oil and gas cost increases, creating upstream pressure that can feed consumer prices.
- Policymakers are supporting the slowdown with large BCRA dollar purchases—totaling hundreds of millions in October and billions year‑to‑date—and use of fiscal surpluses, but weak activity and the upcoming fuel tax expiry pose clear risks the disinflation may reverse.