Argentina’s Consumer Price Index climbed 2.2 percent on a monthly basis in June 2020 compared to a 1.5 percent increase in May. The three-month high was mainly explained by a 6.6 percent jump in clothing and footwear, in turn nudged higher by seasonal goods. Also, prices recreation & culture went up 4.2 percent. In contrast, the key food & beverages component advanced 1 percent. Meanwhile, prices for restaurants & hotels rose by 2.2 percent but some categories were excluded due to shutdowns. On an annual basis, consumer prices jumped 42.8 percent in June, down from 43.4 percent in May.
Inflation Rate Mom in Argentina averaged 2.45 percent from 2014 until 2020, reaching an all time high of 6.50 percent in April of 2016 and a record low of 0.20 percent in August of 2016. This page provides the latest reported value for - Argentina Inflation Rate MoM - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Argentina Inflation Rate MoM - data, historical chart, forecasts and calendar of releases - was last updated on August of 2020. source: Instituto Nacional de Estadística y Censos (INDEC)
Inflation Rate Mom in Argentina is expected to be 3.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate Mom in Argentina to stand at 2.50 in 12 months time. In the long-term, the Argentina Inflation Rate MoM is projected to trend around 2.00 percent in 2021 and 1.00 percent in 2022, according to our econometric models.