Argentina | In the month of the elections inflation was 2.3% m/m, just above expected

Summary

National inflation for October was 2.3% monthly (31.3% annually), exceeding estimates. It is the highest monthly value since April, but a reversal is expected in November due to exchange rate stability and the dissipation of electoral uncertainty.

Key points

• Key points:
• Core inflation was 2.2% m/m (33.4% y/y) and accelerated compared to the 1.9% m/m registered in September.
• The anti-inflationary policy is on the right track, although challenges still remain.

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