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Private Forecasts Put Argentina’s October Inflation at 2.1%–2.8%

INDEC will publish the official rate on Nov. 12.

Overview

  • Consultancies broadly expect a pickup from September’s 2.1%, citing food-price gains and earlier dollar volatility linked to pre‑election uncertainty.
  • Point estimates vary: LCG around 2.5%, EcoGo and Libertad y Progreso near 2.4%–2.8%, Econviews 2.4%–2.7%, Analytica about 2.2%, C&T roughly 2% in GBA, Equilibra 2.1%, and PxQ 1.9%.
  • Several firms trimmed late-month readings after markets steadied post‑election, noting limited exchange‑rate pass‑through and a softer final week for prices.
  • Food categories showing the biggest October increases include dairy, eggs, bakery products and meats, with regulated items such as public transport, telecom and health plans also adding pressure.
  • Survey signals diverge, with UTDT’s average monthly expectation at 3.96% (median 3%) and the Central Bank’s REM pointing closer to 2%.