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Argentina: Inflation decelerates in October from September
Latest reading: Consumer prices increased 31.3% in annual terms in October, following a 31.8% rise in the previous month. The reading was in line with market expectations. Disinflation progress has slowed recently, in part due to peso weakening in the run-up to the midterm elections.
Relative to the previous month’s figures, there were reduced price pressures for restaurants and hotels (+45.8% on a year-on-year basis vs +48.7% in September) and housing and utilities (+45.6% vs +49.3% in September). In contrast, there were higher price pressures for transportation (+30.2% vs +27.4% in September) and food and non-alcoholic beverages (+28.6% vs +27.3% in September).
Finally, consumer prices increased 2.34% in October in month-on-month terms, following a 2.08% increase in the prior month.
