Overview

• Private consultoras including LCG, Analytica, Inveq and EcoGo now place Argentina’s monthly CPI near 2.1%–2.4%, outpacing the Central Bank’s REM median of 1.8%.
• Analysts cite food and beverages as key drivers in Argentina, with LCG highlighting fruits, bakery goods and meats as the largest contributions to September increases.
• FX tension around Buenos Aires provincial voting led the government and BCRA to intervene in the MULC and sell reserves as the official rate neared the band ceiling, raising pass‑through risks.
• Spain’s flash estimate shows headline inflation rising to 2.9% in September on fuels and electricity, while core inflation eased to 2.3%, according to the INE.
• INEGI data indicate Mexican middle‑income households faced relatively higher inflation in early September due to food and beverages, and Argentina faces additional upward pressure from regulated price hikes slated for October.