The monthly inflation rate in Argentina eased for the second straight month to 5.1% in May of 2022, from 6% in the prior month, just below market forecasts of 5.2%. Prices slowed mostly for clothing & footwear (5.8% vs 9.9% in April); food & non-alcoholic beverages (4.4% vs 5.9%); housing & utilities (3.6% vs 4.6%); education (3.2% vs 3.7%) and restaurants & hotels (5.7% vs 7.3%). Conversely, inflation continued to accelerate for alcoholic beverages & tobacco (5.7% vs 3.3%) and transport (6.1% vs 5.3%). On an annual basis, consumer prices soared by 60.7%, the fastest rise since January of 1992, slightly above market estimates of 60.6%. Argentina hasn’t had single-digit inflation in at least a decade. source: Instituto Nacional de Estadística y Censos (INDEC)
Inflation Rate Mom in Argentina averaged 2.75 percent from 2014 until 2022, reaching an all time high of 6.70 percent in March of 2022 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 June of 2022.
Inflation Rate Mom in Argentina is expected to be 4.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Argentina Inflation Rate MoM is projected to trend around 2.00 percent in 2023 and 1.00 percent in 2024, according to our econometric models.