From Buenos Aires Times · Patrick Gillespie, Bloomberg · · 50s
Argentina Inflation Falls Below 2% for Second Month
Argentina's inflation dips to 1.9% for second consecutive month, raising questions about growth trade-offs.
In brief
Argentina's inflation dips to 1.9% for second consecutive month, raising questions about growth trade-offs. Argentina's monthly inflation fell to 1.9% in September, marking its second straight month below 2%, while economic growth is expected to decline. Originally reported by Buenos Aires Times.
Argentina's Inflation
Monthly inflation in Argentina accelerated in line with expectations in September, still notching its second straight month below a symbolic threshold.
Inflation Rate Details
Consumer prices rose 1.9 percent last month, in line with the median estimate of analysts surveyed by Bloomberg. From a year ago, annual inflation ticked down to 33.4 percent, according to government data published Tuesday.
Economic Outlook
Argentina's economy contracted in the second quarter and economists surveyed by the Central Bank last month anticipate another decline in the third quarter, which would mark a technical recession.
At a glance
Argentina's monthly inflation fell to 1.9% in September, marking its second straight month below 2%, while economic growth is expected to decline.
