Argentina | August inflation: 1.7% MoM, the lowest in 14 months

Summary

Argentina's August inflation was 1.7% MoM, in line with expectations, decelerating from 2.1% in July due to seasonal price dynamics. Core inflation remained stable. The 2026 inflation forecast is maintained at 29%, with a slight upward bias for the remainder of the year.

Key points

• Key points:
• Core inflation remained at 1.8% MoM (32% YoY), the same as in July, reflecting downside stickiness despite the overall disinflation.
• Regulated prices increased by 2.2% MoM, driven by hikes in services such as housing, water, electricity, and gas (2.8% MoM).
• Seasonal prices fell by 0.9% MoM, reversing the 4.5% spike in July, thanks to a downward correction in tourism-related items.
• Inflation is projected at 1.6% MoM for September, and a monthly average of 1.55% is expected for the remainder of 2026.

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