Macro Analysis /

Argentina: CPI inflation quickens to 4.0% m/m and 36.1% y/y in December

    14 January 2021
    • Core inflation surges to 4.9% m/m, regulated and seasonal prices show lower inflation
    • Accumulated inflation in Q4 hits 11.3%, total is some 53.6% if annualized
    • Food, healthcare, gasoline, cars, and restaurants are main drivers of high m/m inflation
    • Climbing inflation puts pressure on depreciation, undoes much of the impact of BCRA's October rate hikes