Macro Analysis /

Argentina: CPI inflation accelerates to above-expected 4.8% m/m in March

    Research Team
    16 April 2021
    • Inflation reaches 13.0% y/y in Jan-Mar, highest for any Q1 since 2014
    • Seasonal components like education and apparel play big role in m/m inflation reading
    • But inflation quickens almost across the board, including in services most affected by pandemic
    • Upward trend on inflation puts pressure on govt to curb deficit and on BCRA to hike rates