Argentine Taux d'inflation

Consumer prices in Argentina rose by 2.4% month-on-month in November 2024, down from a 2.7% increase in October. It marked the lowest reading since mid-2020 and came below market expectations of 2.8%. Costs slowed for food and non-alcoholic beverages (0.9% vs. 1.2% in October), housing and utilities (4.5% vs. 5.4%), clothing and footwear (1.9% vs. 4.4%), health (2.9% vs. 3.6%), communication (1.5% vs. 2.1%), and restaurants and hotels (3.6% vs. 4.3%). Conversely, prices accelerated for transportation (3.4% vs. 1.2%) and education (5.1% vs. 3.5%). On an annual basis, consumer prices surged by 166% in November, marking the seventh consecutive month of disinflation and the year’s softest increase, down from 193% in October and broadly in line with forecasts.