Argentina | September Inflation Holds Steady at 2.1% despite FX volatility

Summary

Argentina's September inflation was 2.1% m/m, reaching 22% for the year. Despite the FX increase, the pass-through to prices was limited due to fiscal balance and the recent dynamic in economic activity.

Key points

• Key points:
• Core inflation remained at 1.9%, while regulated prices increased by 2.6%. Food prices rose below the general level, at 1.9%.
• Increases in regulated services are expected for October, although inflation is projected to be similar to September's. The annual inflation forecast for 2025 remains at 30%.

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