The monthly inflation rate in Argentina rose to 7.4 percent in July of 2022, accelerating from 5.3 percent in the previous month and above market forecasts of 7.1 percent. Prices picked up the most for recreation & culture (13.2 percent), followed by furniture & household goods (10.3 percent), restaurant & hotels (9.8 percent) and clothing & footwear (8.5 percent). Also, cost rose for health (6.8 percent), alcoholic beverages & tobacco (6.4 percent), education (6.1 percent), food & non-alcoholic beverages (6 percent), communication (5.5 percent), transport (5.5 percent) and housing & utilities (4.6 percent). Year-on-year, consumer prices jumped 71 percent, the most since 1992 and also above consensus of 70.8 percent. source: Instituto Nacional de Estadística y Censos (INDEC)
Inflation Rate Mom in Argentina averaged 2.82 percent from 2014 until 2022, reaching an all time high of 7.40 percent in July of 2022 and a record low of 0.20 percent in August of 2016. This page provides the latest reported value for - Argentina Inflation Rate MoM - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Argentina Inflation Rate MoM - data, historical chart, forecasts and calendar of releases - was last updated on September of 2022.
Inflation Rate Mom in Argentina is expected to be 4.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Argentina Inflation Rate MoM is projected to trend around 2.00 percent in 2023 and 1.00 percent in 2024, according to our econometric models.