The monthly inflation rate in Argentina's six main regions fell to 3.4 percent in April 2019 from 4.7 percent in March and below market consensus of 4 percent. Prices slowed for food & beverages (2.5 percent vs 6.0 percent in March); education (1.5 percent vs 17.9 percent in March); clothing & footwear (6.2 percent vs 6.6 percent); restaurants & hotels (4.1 percent vs 4.3 percent); communications (3.5 percent vs 4.4 percent); miscellaneous goods & services (3 percent vs 3.1 percent) and alcoholic beverages & tobacco (2.5 percent vs 6 percent). Meanwhile, cost rose further for transport (4.4 percent vs 4.2 percent); housing & utilities (2.9 percent vs 2.8 percent); and furnishings & household equipment (4.6 percent vs 3.8 percent). Considering the Great Buenos Aires only, consumer inflation declined to 3.2 percent from 4.8 percent in the prior month. On an annual basis, the inflation rate rose to 55.8 percent in April from 54.7 percent in March, hitting the highest level since 1992. Inflation Rate Mom in Argentina averaged 2.31 percent from 2014 until 2019, reaching an all time high of 6.50 percent in April of 2016 and a record low of 0.20 percent in August of 2016.
Inflation Rate Mom in Argentina is expected to be 4.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate Mom in Argentina to stand at 2.50 in 12 months time. In the long-term, the Argentina Inflation Rate MoM is projected to trend around 2.30 percent in 2020, according to our econometric models.