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Buenos Aires Inflation Holds at 2.2% in October, Reinforcing Market Outlook for About 30% in 2025

Forecasters in the BCRA’s REM see the official exchange rate steady near AR$1,500 by December.

Overview

  • CABA’s consumer prices rose 2.2% in October, leaving inflation at 25.3% year‑to‑date and 33.6% over 12 months, according to the city statistics office.
  • Housing and utilities, food and non‑alcoholic beverages, restaurants and hotels, transport, and health were the main drivers of the monthly increase.
  • National CPI for October will be reported by INDEC on November 12, as separate data showed food prices nationwide up about 3% in October for a sixth straight monthly rise.
  • The BCRA’s Market Expectations Survey placed October inflation near 2.2% and projects full‑year 2025 around 29.6%, with monthly readings easing toward 1.6% by April 2026 and about 18.7% for 2026.
  • Official dollar quotes fell roughly AR$30 on the week to about AR$1,445 retail and AR$1,415 wholesale, while REM medians point to an average AR$1,463 in November and AR$1,500 in December.