Argentines Buy Now as Inflation Outlook Buoys Sales

Argentines are stepping up purchases of cars and televisions in a bid to beat inflation consumers see accelerating to 25 percent, the second-highest in the world after Venezuela.

Record demand for autos and domestic appliances is fueling economic growth, which Deputy Economy Minister Roberto Feletti estimates at 9 percent this year, the fastest since 2005. The consumer boom will fade by the end of this year as higher prices for food and everyday goods drain household income, said former Economy Vice Minister Orlando Ferreres.