Avellaneda s administration was the first to deliver a balance in the fiscal accounts since the mid 1850s. This page provides the latest reported value for argentina inflation rate plus previous releases historical high and low.
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.
Argentina inflation rate. 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. The inflation rate in argentina was recorded at 39 20 percent in august of 2020. Inflation in argentina was 34 percent in 2018 expected to rise to nearly 53 6 percent the following year.
Argentina s inflation rate will be 40 in 2020 according to a central bank poll of analysts released on tuesday down from an estimated 41 7 in the same poll taken by the monetary authority a. In 2019 inflation rate for argentina was 53 5. The inflation rate rose to almost 20 in the following year but the ratio of debt to gdp plummeted.
August s rise was primarily driven by higher prices for food and non alcoholic beverages as well as for home equipment and maintenance. In contrast the lowest paces were recorded in communications 0 3 percent education 0. 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.
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. Argentina s inflation rate is expected at 53 in december 2019 but will fall back to 34 the following year according to projections in the forthcoming 2020 budget treasury officials said on. During july the.
The highest inflation rates were observed in home maintenance equipment 3 5 percent food beverages 3 5 percent and recreation culture 3 3 percent. Inflation rate of argentina increased from 25 9 in 2002 to 53 5 in 2019 growing at an average annual rate of 19 12. Consumer prices rose 3 7.
Argentina inflation inflation falls again in august. The 2019 inflation rate released by the government s indec statistics agency was slightly below the 54 6 that economists predicted in a december central bank poll. A major factor in this is the legacy of poor fiscal discipline left by the economic.
Consumer prices increased 2 70 over the last month in august above the 1 93 increase logged in july.