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HomeEconomyArgentina inflation cools slightly as food prices freeze, analysts say

Argentina inflation cools slightly as food prices freeze, analysts say

Hernán Nesi

BUENOS AIRES (Reuters) – Argentinian inflation is expected to cool slightly in November, a Reuters poll of analysts showed on Tuesday , but still at a high level, the price will rise close to % this year.

Consumer prices rose 5.9% last month as a price freeze edged down food costs, a Reuters poll of 13 analysts showed. That was down from a 6.3% increase in October and a peak of 7.4% in July. y Progreso, pointing to the impact of food price freezes.

The Argentine government has struck deals with different ministries in recent months to rein in rising prices as the painful impact on its purchases is felt, sparking street protests for electricity and savings.

“The impact of the price agreement will become more pronounced from December onwards, although it is clear that they will be temporary, as fiscal and monetary policy inconsistencies are incompatible with a persistent decline in inflation,” Moschet said .

Analysts polled by Reuters have forecasts for November ranging between 5.4% and 6.6%.

“Inflation accelerated in the last week of November,” said Isaias Marini, an economist at consultancy Econviews, who expects inflation to exceed 6% .

Argentina’s official INDEC statistics agency will release inflation figures for November on Thursday. Image: Argentina fights inflation,



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