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

Analysts expect a national reading near 2.3%–2.5%, with regulated costs and food leading the increase.

Overview

  • The City of Buenos Aires consumer price index rose 2.4% in November, lifting the year‑to‑date increase to 28.3% and the 12‑month rate to 32.6%, according to IDECBA.
  • Housing and utilities, food and beverages (with notable meat increases), transport, restaurants and hotels, and recreation and culture accounted for about 70% of the monthly rise.
  • Services increased 2.5% versus 2.3% for goods; regulated prices advanced 2.7% and a core proxy (“Resto IPCBA”) climbed 2.5%.
  • INDEC will publish the national CPI today at 16:00, with private forecasts clustered between 2.3% and 2.5% and the BCRA’s REM at 2.3%, extending a run above 2% since September if confirmed.
  • Kiosk owners report supplier price lists with hikes of up to 10%–12% in several categories and say weak sales limit pass‑through, while regional data show most South American countries posted sub‑1% monthly inflation in November.