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3h ago

Argentina’s October Inflation Hits 2.3% as INDEC Confirms Second Straight Month Above 2%

The print, just over the market’s 2.2% median forecast, will set December ANSES adjustments.

Fuente: NA
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Overview

  • INDEC released the October consumer price index on November 12 at 4 p.m., reporting a 2.3% monthly rise.
  • The figure landed within private estimates of roughly 2.0%–2.4% and slightly above both the BCRA REM median of 2.2% and Buenos Aires City’s 2.2%.
  • Key drivers included transport (+3.5%) and housing, water, electricity, gas and other fuels (+2.8%), while food and non-alcoholic beverages rose 2.3% in line with the headline.
  • Under Decree 274/2024, the October reading determines December pension and social benefit updates and feeds the calculation of the year-end bonus.
  • Following September’s 2.1%, the back-to-back results above 2% temper the disinflation trend as analysts still project full-year 2025 inflation near 29.6%.