Argentina September Inflation Hits 1.9% Monthly, Annual Rate Eases to 33.4%
What happened
Argentina's September inflation was 1.9% monthly, matching analyst forecasts. The annual inflation rate eased to 33.4% from 33.5% in August, while prices have risen 23.6% since December. Core inflation, which excludes seasonal and regulated prices, was 1.7%, driven by meals out and medicines.
From riotimesonline.com
Why it matters
The inflation figures are being monitored by US investors in Argentine bonds and shares. Easing inflation could improve investor confidence in Argentina and supports the economic program of Javier Milei. The inflation rate also informs the central bank's monetary policy decisions.
From riotimesonline.com
Who's involved
- ArgentinaCountry where inflation was measured and where Javier Milei seeks to slow price increases.
- Javier MileiPresident of Argentina who announced efforts to combat rising inflation.
- central bankPublic institution that manages Argentina's currency, money supply, and interest rates.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- International Monetary FundSpeculative
Easing inflation could reduce country risk, aiding International Monetary Fund assessments.
- ArgentinaSpeculative
Easing inflation could improve investor confidence and support the core economic program.
- central bankSpeculative
Inflation data could directly inform the central bank's monetary policy decisions and rate setting.
Keep exploring
The entities involved
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Argentina
country in South America
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Javier Milei
economist, politician and president of Argentina since 2023
Related events
- Cristina Fernández de Kirchner is currently under house arrest in Buenos Aires, adding a layer of political tension to the ongoing situation in Argentina.
- Gonzalo Martínez reported on Bitcoin performance tracking against inflation in Buenos Aires.
- Milei pitches Argentina as a regulation-free AI haven, contrasting its hands-off approach with European regulations.
- Luis Caputo serves as the Economy Minister and Javier Milei is the President of Argentina.
- The Argentine judiciary blocked a decree from President Milei, while the ruling party's bill awaits Senate approval.