Argentina | Inflation accelerated to 1.9% MoM in September on food prices

Inflation in Argentina was 1.9% MoM in September (33.4% YoY), accelerating with respect to August due to food prices. Core inflation fell to 1.7% MoM, a positive signal for the disinflation process, which remains stickier than expected.

Key points

• Key points:
• Core inflation was 1.7% MoM (31.6% YoY), confirming a disinflationary path, although at a slower pace than expected.
• Regulated prices rose by 2.3% MoM (43.3% YoY), with housing and basic services being the category with the highest increase at 3.1% MoM.
• A notable divergence was observed between the increase in Services (+2.4% MoM) and the evolution of Goods (1.7% MoM), which contributes to the persistence of inflation.
• Seasonal prices accelerated sharply to 2.9% MoM, compared to the previous month's -0.9% drop, mainly due to vegetables and legumes.

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