Overview

• Most consultoras place September CPI above 2% in a 2.0%–2.4% range, with EcoGo at 2.4%, Equilibra and LCG near 2.3%, Analytica at 2.1%, C&T around 2%, and Econviews closer to 1.9%.
• Analysts cite exchange‑rate turbulence tied to electoral uncertainty as the main trigger, after the Government and BCRA sold dollars in the MULC to defend the exchange‑rate band.
• Food led the month’s increases, with LCG highlighting fruits, bread products and meats as key drivers, while other trackers noted moderate pass‑through with gains in cigarettes and telephony.
• October will add fresh pressure from scheduled adjustments, including rent updates for legacy contracts, prepaid health fees near 1.9%–2.4%, bus and subte fares up about 3.9% in AMBA, and telecom hikes of up to 3%.
• Some analysts flag falling Brent crude as a potential offset for fuel‑related inflation in October if the drop persists.