Economics

Inflation in Argentina Spiked After Shock Primary Election

Consumer prices in August rose 4.0% m/m and 54.5% y/y
Economists anticipate September inflation will be even higher

A pedestrian takes a photograph of an electronic monitor displaying the currency exchange rate in Buenos Aires, Argentina.Photographer: Erica Canepa/Bloomberg

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By Patrick Gillespie

September 12, 2019 at 7:22 PM UTC

This article is for subscribers only.

Prices in Argentina shot up last month after a shocking primary vote plunged the peso, reversing four months of declines.

Inflation hit 4% in August compared to July and 54.5% from a year ago, according to government data published Thursday. The monthly figure was below economists’ estimate of 4.4%, but marked the fastest pace since last March.