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Buenos Aires Inflation Rises 2.4% in November as Markets Eye INDEC Release

A 4 p.m. national reading could cement a third straight month above 2%, influencing pensions, budgets, tariffs.

Overview

  • City CPI rose 2.4% in November, bringing year-to-date inflation to 28.3% and the annual rate to 32.6%, according to IDECBA.
  • Housing and utilities had the largest incidence, with rents and building fees leading, while food rose 2.2% on notable increases in meat and fruit.
  • Transport climbed 2.9% on fuel, restaurants and hotels advanced 2.7%, and recreation and culture jumped 4.0% on pricier travel packages.
  • Goods rose 2.3% versus services at 2.5%; regulated prices increased 2.7%, and core inflation in the city measured 2.5%.
  • Private estimates place the national November CPI between 2.3% and 2.5%—in line with the BCRA REM at 2.3%—with INDEC set to publish the official figure this afternoon.