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12h ago

Buenos Aires City Inflation Slows to 1.6% in August as Core Holds at 2.0%

Seasonal price drops drove the low reading with core near 2%.

AME7322. SAO PAULO (BRASIL), 07/03/2025.- Un hombre trabaja en una obra de construcción este viernes en São Paulo (Brasil). La economía de Brasil creció un 3,4 % en 2024, impulsada por el sector servicios y la industria, si bien en el último trimestre del año la actividad se desaceleró, informó el Gobierno. EFE/ Isaac Fontana
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Overview

  • IDECBA reported a 1.6% monthly rise in the IPCBA for August, taking the year-to-date increase to 20.0% and the annual rate to 37.4%.
  • Seasonal prices fell 2.7% and regulated items rose 1.9%, leaving core inflation at 2.0% for the month.
  • Housing, transport, health, food, and restaurants/hotels contributed most to the monthly move, with notable increases in financial services (5.7%), transport (3.0%), health (2.1%) and housing (1.9%), while clothing fell 0.4% and food rose 1.0%.
  • The national CPI for August is scheduled for Wednesday, September 10, and private surveys, including the BCRA REM, broadly point to a reading near 2%–2.1%.
  • INDEC data show industry output fell 2.3% and construction 1.8% in July, as markets weakened on political and FX volatility with country risk topping 1,000 points and the official dollar seeing intraday jumps.