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Argentina’s Inflation Quickens to 2.3% in October as Transport Costs Jump

The reading slightly exceeded the BCRA survey, with market projections pointing to modest monthly easing and a 2025 finish near 29.6%.

Overview

  • Consumer prices are up 31.3% over 12 months and 24.8% so far in 2025, accelerating from a 2.1% monthly pace in September.
  • Transport led October’s gains with a 3.5% rise, followed by housing and utilities at 2.8%, while home equipment and recreation registered the smallest increases at 1.6%.
  • By price categories, seasonal items rose 2.8%, regulated prices 2.6% and core inflation 2.2%, signaling divergent dynamics beneath the headline rate.
  • Patagonia and Greater Buenos Aires posted the highest monthly readings at 2.4%, with the NOA lowest at 2.1%, and Patagonia showing the highest 12‑month inflation at 34.3%.
  • Item-level moves in GBA were volatile, with lemon up 60.8%, beef cuts such as asado up 5.2% and table bread up 4.7%, while tomato, rice, butter and whole chicken declined.