Year-over-year inflation rates give a clearer picture of price changes than annual average inflation. This feature is limited to our corporate solutions. The effect is more pronounced under inflation-targeting regimes, to be sure. 193.92 %. Direct access to our calendar releases and historical data. This isn't a surprise. New, Figures and insights about the advertising and media world, Industry Outlook Statista. 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. Argentina released its February inflation rate, and inflation spiked again. Inflation started rising prior to the 1980s debt crisis. In contrast, inflation in the transport category softened (4.6 percent vs 4.9 percent). The official annual inflation rate jumped to 51.3%/yr. 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) … 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: Inflation rate from 2004 to 2019* (compared to the previous year) [Graph]. Another important conclusion of the Argentineexperience is that the fiscal adjustment, understood as a reductionof the government expenditure, as well as the reduction and thee… 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. You only have access to basic statistics. Find Out 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 … Please log in to access our additional functions, *Duration: 12 months, billed annually, single license, The ideal entry-level account for individual users. 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. Inflation in Argentina was 34 percent in 2018, expected to rise to nearly 53.6 percent the following year. Corporate solution including all features. 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. IMF. Rising food prices and a sharp adjustment in telecom rates pushed inflation higher in the first month of 2021. The Trading Economics Application Programming Interface (API) provides direct access to our data. "Argentina: Inflation rate from 2004 to 2019* (compared to the previous year)." The monthly inflation rate in Argentina eased to 3.2 percent in November of 2020 from 3.8 percent in the prior month. Profit from additional features by authenticating your Admin account. New, Everything you need to know about the industry development, Find studies from all around the internet. facts. Inflation, consumer prices (annual %) - Argentina from The World Bank: Data Learn how the World Bank Group is helping countries with COVID-19 (coronavirus). 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. For example, during the 1980s, the purchasing power of the middle class shrunk by 30%. Argentina’s annual inflation rate is roughly 40%. Our tools allow individuals and organizations to discover, visualize, model, and present their data and the world’s data to facilitate better decisions and better outcomes. Please do not hesitate to contact me. Annual average inflation fell to 41.5% in January (December: 42.7%). 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%, Milan Stocks Continue to Advance Beyond 1-Year High, French Stocks Up for 2nd Day at 1-Year High. Quick Analysis with our professional Research Service: Content Marketing & Information Design for your projects: * Estimate.Figures have been rounded. During the observation period from 1980 to 2019, the average inflation rate was 215.4% per year. 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). Argentina’s high inflation rate is one of the factors that make it more vulnerable than other emerging markets to moves by global investors away from risky assets. 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. Knoema, an Eldridge business, is the most comprehensive source of global decision-making data in the world. Learn more about how Statista can support your business. As a result, annual inflation accelerated to 38.5% in January from 36.1% in the previous month. Former center-right president Mauricio Macri froze the price, in August 2019, of oil products for 90 days with the hope of stopping the high annual … The main lesson of the Argentine stabilizationexperience is that the elimination of inflation is possible even whenan economy has been flogged by that disease for decades. Inflation is poised to accelerate this year as the economy recovers and the government allows more price adjustments. 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. While countries adopting an explicit inflation target have seen lower inflation rates, so too have other countries. 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).
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