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Snapshot 1:Wed, Nov 13, 2024 7:08:20 AM GMT last edited by Harish Chander

Argentina: Monthly Inflation Drops to 3-Year Low of 2.7%

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The Facts

  • Argentina's monthly consumer inflation fell to 2.7% in October 2024 — the lowest since November 2021 — from 3.5% in September. The annual rate fell below 200% for the first time since last November, according to data from the Instituto Nacional de Estadística y Censos (INDEC).

  • The Economy Ministry said the INDEC statistics bureau's number published Tuesday are “consistent with a deepening the disinflation process.” The data reportedly showed that consumer prices in Argentina have risen 107% in the first 10 months of the year and 193% over the past 12 months.

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