Inflation measured by consumer price index (CPI) is defined as the change in the prices of a basket of goods and services that are typically purchased by specific groups of households. Monthly inflation accelerated for the first time in four months, to 3.3%, according to government data published Wednesday. The monthly inflation rate in Argentina eased to 3.2 percent in November of 2020 from 3.8 percent in the prior month. The CPI index has a base of 100 as of December of 2016 and covers the Buenos Aires metropolitan area and its 24 districts. Argentina. Between 1860 and 1930, exploitation of the rich land of the pampas strongly pushed economic growth. By Hugh Bronstein. Find Out That was higher than … 53.5 (%) in 2019 In 2019, inflation rate for Argentina was 53.5 %. During the first three decades of the 20th century, Argentina outgrew Canada and Australia in population, total income, and per capita income. Prices slowed mostly for food & non-alcoholic beverages (2.7 percent vs 4.8 percent in October); transport (3.6 percent vs 4.2 percent) and restaurants & hotels (3.2 percent vs 3.4 percent). The monthly inflation rate in Argentina remained at 4.0 percent in January, matching market expectations. 1944-2021 Data | 2022-2023 Forecast | Historical | Chart. The monthly inflation rate in Argentina jumped to 4.0 percent in December of 2020 from 3.2 percent in the prior month, above market expectations of 3.9 percent. N/A. Argentina’s government under former leader and current Vice President Cristina Fernandez de Kirchner published inaccurate inflation and growth data, according to the IMF’s censure imposed in 2013. The Laspeyres formula is generally used. The most important categories in the CPI basket in the Great Buenos Aires area are food and beverages (28.6 percent of the total weight), transport (10.4 percent) … Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. Download Historical Data. The Human Capital Index (HCI) database provides data at the country level for each of the components of the Human Capital Index as well as for the overall index, disaggregated by gender. FocusEconomics panelists project inflation to end 2021 at 48.0%, which is up 1.3 percentage points from last month’s estimate, and 2022 at 36.6%. During the observation period from 1980 to 2019, the average inflation rate was 215.4% per year. The official annual inflation rate jumped to 51.3%/yr. Publish your articles and forecasts in our website. Rising food prices and a sharp adjustment in telecom rates pushed inflation higher in the first month of 2021. According to Argentine daily newspaper La Nación, Argentina had the second highest rate of inflation in the entirety of Latin America in 2017, ending the year with an inflation rate of 24.8 percent. In contrast, inflation fell for liquor & tobacco (1.9 percent vs 4.3 percent) and education (0.1 percent vs 0.3 percent), and health (3.1 percent vs 3.5 percent). Inflation is poised to accelerate this year as the economy … Inflation, consumer prices (annual %) from The World Bank: Data San Luis’s inflation numbers were used as an alternative to the unreliable data published under Cristina due to the transparent methodology used to calculate it, but that argument really no longer holds and provides outside observers with an unrealistic picture of what inflation in Argentina is today. The inflation rate for consumer prices in Argentina moved over the past 39 years between -1.2% and 3,079.8%. On an annual basis, consumer prices increased 38.5 percent in January after a 36.1 percent jump in the previous month, surpassing expectations of 38.1 percent. Direct access to our calendar releases and historical data. Your browser is not up-to-date. This isn't a surprise. It was the highest monthly inflation rate since November 2019 mostly driven by food & beverages (4.8 percent vs 3.0 percent); transport (4.2 percent vs 3.6 percent); recreation & culture (2.6 percent vs 1.9 percent), and utilities (2.3 percent vs 1.5 percent). Prices were mainly nudged higher by food & non-alcoholic beverages (4.4 percent vs 2.7 percent in November); transport (4.9 percent vs 3.6 percent) and restaurants & hotels (4.6 percent vs 3.2 percent). Also, prices were nudged higher by food & non-alcoholic beverages (4.8 percent vs 4.4 percent in December) and restaurants & hotels (5.4 percent vs 4.6 percent). For example, the accurate PPP inflation rate for Argentina on December 31, 2020, was 120 percent per year, whereas the last officially reported inflation rate, for … in Argentina increased to 38.50 percent in January from 36.10 percent in December of 2020. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. Overall, the price increase was 111,573,441,219.73 %. International Monetary Fund and United Nations provide graphs that are slightly different about consumer prices inflation in Argentina: IMF presents higher inflation rate and indicates the rise since 2017 while UN shows the decline of the inflation rate since 2016. Also, communications cost dropped further (-0.6 percent vs -0.1 percent). Last Release. Argentine inflation data questioned even after reforms. Argentina inflation rate for was 0.00%, a 0% increase from . Housing and utilities (8.7 percent); health (8.2 percent); restaurants and hotels (8.1 percent); recreation and culture (7.4 percent); household maintenance and equipment (6.3 percent); alcoholic beverages and tobacco (3.8 percent); miscellaneous goods and services (3.6 percent); communication (2.9 percent) and education (1.6 percent) for the remaining. Inflation in Argentina was 34 percent in 2018, expected to rise to nearly 53.6 percent the following year. Argentina possesses definite comparative advantages in agriculture, as the country is endowed with a vast amount of highly fertile land. The Trading Economics Application Programming Interface (API) provides direct access to our data. The Trading Economics Application Programming Interface (API) provides direct access to our data. Argentina The Human Capital Index (HCI) database provides data at the country level for each of the components of the Human Capital Index as well as for the overall index, disaggregated by gender. According to OECD, Argentina inflation rate is fluctuating. 193.92 %. Argentine Peso, Quarterly, Seasonally Adjusted Q1 2004 to Q3 2020 (Jan 21) Capital Stock at Constant National Prices for Argentina. Actual. Instituto Nacional de Estadística y Censos (INDEC), Argentina Industrial Production Rises 4.4% YoY, Argentina Consumer Confidence Near 2-Year Low, Argentina Economic Activity Shrinks Less than Expected, Argentina Monthly Inflation Rate Steady at 4%, Argentina Current Account Swings to Surplus, Argentina Unemployment Rate Drops to 11.7%, Malta Industrial Output Contraction Continues in January, Mexico February Inflation Rate Above Estimates, Irish Industrial Output Jumps 28.5% YoY in January, Taiwan Wholesale Deflation Lowest since 2019, US Small Business Optimism Improves Slightly, Swedish Industrial Output Growth Slows in January, Hungary Inflation Rate Rises to 3.1% in February. Prices were mainly nudged by communications, up 15.1 percent after remaining unchanged in the previous month. For 2019, an inflation rate of 53.5% was calculated. Nonetheless, 12-month inflation is still running at 55.8% while prices are up 15.6% so far this year. Dollars 1962 to 2019 (Dec 17) Percent Change ... Add to Data List Add to Graph Argentina’s Consumer Price Index increased by 3.8 percent on a monthly basis in October 2020, accelerating from a 2.8 percent gain in the previous month and well above market expectations of a 3.1 percent rise. Core Inflation Rate in Argentina averaged 42.76 percent from 2017 until 2020, reaching an all time high of 58.80 percent in May of 2019 and a record low of 21.12 percent in January of 2018. Forecast. Graph and download economic data for Consumer Price Index for Argentina (DDOE01ARA086NWDB) from 1960 to 2014 about Argentina, CPI, price index, price, and indexes. Argentina - Inflation Data This isn't a surprise. Argentina Core Inflation Rate. This page provides - Argentina Core Inflation Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news. In contrast, prices for communications remained unchanged after dropping 0.6 percent in the previous month. Argentina’s inflation-linked bonds fell Monday as the country’s statistics agency, Indec, plans to modify the basket it uses to measure inflation. Inflation also increased, however, during the administration of President Nestor KIRCHNER, which responded with price restraints on businesses, as well as export taxes and restraints, and beginning in 2007, with understating inflation data. N/A. Download historical data for 20 million indicators using your browser. Millions of 2017 U.S. Dollars, Annual, Not Seasonally Adjusted 1950 to 2019 (Feb 5) Gross National Income for Argentina. Inflation, consumer prices (annual %) - Argentina from The World Bank: Data Learn how the World Bank Group is helping countries with COVID-19 (coronavirus). Inflation is measured in terms of the annual growth rate and in index, 2015 base year with a breakdown for food, energy and total excluding food and energy. On an annual basis, consumer prices jumped 37.2 percent in October, rising from a 36.6 percent gain in the prior month but declining from 50.5 percent in the same month of the previous year. Inflation Expectations in Argentina averaged 27.57 Percent from 2009 until 2021, reaching an all time high of 50 Percent in May of 2020 and a record low of 20 Percent in July of 2009. Inflation Definitions. Your browser is not up-to-date. Previous. For optimum experience we recommend to update your browser to the latest version. Argentina inflation rate for was 0.00%, a 0% increase from . Inflation, consumer prices for Argentina . Argentina Economic Growth The economy should rebound, albeit timidly, in 2021 after this year’s sharp contraction. Inflation Expectations in Argentina decreased to 40 percent in February from 44 percent in January of 2021. source: Torcuato di Tella University. On an annual basis, consumer prices increased 36.1 percent in December after a 35.8 percent jump in the previous month. Argentina inflation rate for was 0.00%, a 0% increase from . The monthly inflation rate in Argentina jumped to 4.0 percent in December of 2020 from 3.2 percent in the prior month, above market expectations of 3.9 percent. Dec 2020. The official annual inflation rate jumped to 51.3%/yr. 2014-2021 Data | 2022-2023 Forecast | Calendar. Inflation rate of Argentina … Argentina inflation rate for was 0.00%, a 0% increase from . Instituto Nacional de Estadística y Censos (INDEC), Argentina Industrial Production Rises 4.4% YoY, Argentina Consumer Confidence Near 2-Year Low, Argentina Economic Activity Shrinks Less than Expected, Argentina Monthly Inflation Rate Steady at 4%, Argentina Current Account Swings to Surplus, Argentina Unemployment Rate Drops to 11.7%, Malta Industrial Output Contraction Continues in January, Mexico February Inflation Rate Above Estimates, Irish Industrial Output Jumps 28.5% YoY in January, Taiwan Wholesale Deflation Lowest since 2019, US Small Business Optimism Improves Slightly, Swedish Industrial Output Growth Slows in January, Hungary Inflation Rate Rises to 3.1% in February. Inflation also increased, however, during the administration of President Nestor KIRCHNER, which responded with price restraints on businesses, as well as export taxes and restraints, and beginning in 2007, with understating inflation data. 39.4 %. The Laspeyres formula is generally used. Direct access to our calendar releases and historical data. Current U.S. Prices were mainly nudged higher by food & non-alcoholic beverages (4.4 percent vs 2.7 percent in November); transport (4.9 percent vs 3.6 percent) and restaurants & hotels (4.6 percent vs 3.2 percent). For optimum experience we recommend to update your browser to the latest version. ; Inflation causes - price inflation is often caused by an increase in the money supply thus decreasing the actual value of each individual unit of currency. 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. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. Inflation Rate MoM measures month over month change in the price of goods and services. Argentina’s inflation-linked bonds fell Monday as the country’s statistics agency, Indec, plans to modify the basket it uses to measure inflation. Argentina released its February inflation rate, and inflation spiked again. In contrast, inflation in the transport category softened (4.6 percent vs 4.9 percent). International Monetary Fund and United Nations provide graphs that are slightly different about consumer prices inflation in Argentina: IMF presents higher inflation rate and indicates the rise since 2017 while UN shows the decline of the inflation rate since 2016. Annual average inflation fell to 41.5% in January (December: 42.7%). According to OECD, Argentina inflation rate is fluctuating. Annual, Not Seasonally Adjusted. That said, protracted macroeconomic imbalances, sky-high inflation, capital controls and potentially market-unfriendly policies will weigh on growth. On an annual basis, consumer prices increased 35.8 percent in November, the least since August of 2018, after a 37.2 percent jump in the previous month. The last Article IV Executive Board Consultation was on December 18, 2017. 37.8 %. Argentina inflation rate for was 0.00%, a 0% increase from . Percent, Annual, Not Seasonally Adjusted 2018 to 2019 (Jun 1) Gross Domestic Product for Argentina . As a result, annual inflation accelerated to 38.5% in January from 36.1% in the previous month. The latest comprehensive information for - Argentina Inflation Rate - including latest news, historical data table, charts and more. Listed below are items related to Argentina. According to Argentine daily newspaper La Nación, Argentina had the second highest rate of inflation in the entirety of Latin America in 2017, ending the year with an inflation rate of 24.8 percent. Reported consumer price inflation in Argentina; Quarter Consumer prices Implicit private consumption prices; I 2007: 9.5%: 10.6% II 2007: 8.8%: 11.7% III 2007: 8.6%: 14.8% IV 2007: 8.5%: 14.9% I 2008: 8.5%: 15.7% II 2008: 9.1%: 19.7% III 2008: 9.1%: 18.2% IV 2008: 7.8%: 15.7% I 2009: 6.6%: 12.4% II 2009: 5.5%: 11.8% III 2009: 5.9%: 11.8% 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. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. Rampant inflation in Argentina has forced US companies to stop using the peso to account for their business in the country, triggering multimillion-dollar foreign exchange losses.. Inflation is often defined as "an increase in the price you pay for goods" or a "decline in the purchasing power of your money". Download historical data for 20 million indicators using your browser. Argentina released its February inflation rate, and inflation spiked again. 1944 - 2021. The most important categories in the CPI basket in the Great Buenos Aires area are food and beverages (28.6 percent of the total weight), transport (10.4 percent) and clothing and footwear (10.4 percent). Publish your articles and forecasts in our website. By 1913, Argentina was the world's 10th wealthiest state per capita. ... Economy Minister Axel Kicillof says only the state has the capacity to gauge inflation in a country as big as Argentina.
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