Overview
- City inflation (IPCBA) rose 2.2% in October, lifting year-to-date gains to 25.3% and the 12‑month rate to 33.6%, with housing, food, restaurants and hotels, transport, and health leading the rise.
- The Central Bank’s REM survey pegs October near 2.2% and projects monthly inflation around 2% through year‑end, placing 2025 at roughly 29.6% with a gradual slowdown toward 1.6% by April 2026.
- Private consultoras estimate October between about 2.1% and 2.8%, largely on food and beverages, highlighting stronger moves in fruits, bread and cereals, and meats.
- Foreign‑exchange pressures eased as the official retail dollar fell about $30 on the week, MEP and CCL retreated, sovereign bonds edged higher, and the JP Morgan risk index hovered near 647.
- Regulated adjustments scheduled for November—rents, gas and electricity, prepaid health plans, transport fares, fuel and telecom—pose near‑term inflation risks despite cooler FX conditions.