The laspeyres formula is generally used. Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals such as yearly.
Argentina consumer prices rose 53 8 in 2019 the biggest increase in 28 years marking a major challenge for the new administration of president alberto fernandez in latin america s no.
Argentina inflation. Inflation in argentina was 34 percent in 2018 expected to rise to nearly 53 6 percent the following year. This page provides the latest reported value for argentina inflation rate plus previous releases historical high and low. The inflation rate in argentina was recorded at 39 20 percent in august of 2020.
Consumer prices increased 2 70 over the last month in august above the 1 93 increase logged in july. The highest inflation rates were observed in home maintenance equipment 3 5 percent food beverages 3 5 percent and recreation culture 3 3 percent. During july the.
A major factor in this is the legacy of poor fiscal discipline left by the economic. In contrast the lowest paces were recorded in communications 0 3 percent education 0. Argentina possesses definite comparative advantages in agriculture as the country is endowed with a vast amount of highly fertile land.
Argentina inflation rate for 2019 was 53 55 a 19 27 increase from. Argentina inflation inflation falls again in august. The latest comprehensive information for argentina inflation rate including latest news historical data table charts and more.
Inflation rate in argentina averaged 194 80 percent from 1944 until 2020 reaching an all time high of 20262 80 percent in march of 1990 and a record low of 7 percent in february of 1954. Since independence from spain in 1816 the country has defaulted on its debt nine times and inflation has often been in the double digits even as high as 5000 resulting in several large currency devaluations. The most recent figure is around 30.
Argentina s consumer price index increased by 2 7 percent on a monthly basis in august 2020 accelerating from a 1 7 percent increase in july. That is one of the highest in the world although not exceptional in argentina s. Argentina s july inflation rate was 1 9 the government s indec statistics agency reported on thursday bringing the seven month rate to 15 8 and the 12 month rate to 42 4.
August s rise was primarily driven by higher prices for food and non alcoholic beverages as well as for home equipment and maintenance. Argentina s long standing inflation problem is another element in the crisis.