Inflation & Prices
Argentina Inflation Spikes to 92% as Economic Growth Picks Up
- Prices increased in November by 4.9% m/m vs. est. 5.9%
- Argentina gross domestic product rose 1.7% q/q; 5.9% y/y in Q3
A shopping mall in Buenos Aires.
Photographer: Sarah Pabst/BloombergThis article is for subscribers only.
Argentina’s annual inflation accelerated less than expected while economic growth picked up on a quarterly basis before the government revamped price controls.
Prices rose by 92.4% in November from a year ago, the highest rate in 30 years though less than the 94.2% median estimate in a Bloomberg survey, according to government data published Thursday. Monthly inflation cooled to 4.9%, the lowest level since February and well below analysts’ 5.9% median expectation.