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Buenos Aires Inflation Hits 2.4% in November Ahead of National CPI Release

Economists expect a similar national print Thursday, signaling services‑led persistence and a widening gap with near‑zero inflation across South America.

Overview

  • The City of Buenos Aires consumer price index rose 2.4% in November, bringing the year‑to‑date increase to 28.3% and the 12‑month rate to 32.6%, according to IDECBA.
  • Housing and utilities, food and non‑alcoholic beverages, transport, restaurants and hotels, and recreation and culture accounted for roughly 70% of the monthly rise.
  • Services increased 2.5% versus 2.3% for goods; core inflation (Resto IPCBA) was 2.5% and regulated items advanced 2.7% in the month.
  • INDEC is scheduled to publish the national November CPI on Thursday at 16:00, with private forecasts clustered around 2.3%–2.5% and the BCRA REM at 2.3%.
  • Regional data show South America’s average November inflation at 0.10% (excluding Venezuela), contrasting sharply with Argentina’s projected reading, while small retailers report supplier price lists with increases of up to about 12% that they struggle to pass on due to weak sales.