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Prices in Argentina rose 3.5% in September and 52.5% year-on-year

Buenos Aires, Oct 14 (EFE) .- Consumer prices in Argentina experienced a 3.5% rise in September compared to last August and an interannual rise of 52.5%, the National Institute of Statistics and Censuses reported this Thursday (Indec).

The evolution of prices in September broke the trend of five consecutive months by decelerating the increase, after inflation rose 4.8% in March, its highest level so far this year.

According to the official report released this Thursday, last month goods had a positive variation of 3.5% compared to August, while services rose 3.7%, data that amounts to 39.3% and 31.5%, respectively, in the year-on-year comparison.

Among the increases registered in September, those of clothing and footwear (6%), alcoholic beverages and tobacco (5.9%) and health (4.3%) stand out.

But it is the food and non-alcoholic beverages division, with a rise of 2.9% in September, the one with the highest incidence in the general index.

The segments that showed the smallest increase in the ninth month of the year were those of housing expenses, with a rise of 1.9%, and that of “miscellaneous goods and services”, with a rise of 2.2%.

By region, the highest inflation rate, 3.8%, was registered in Greater Buenos Aires, followed by Patagonia (south), with an index of 3.7%.

For its part, accumulated inflation in the first nine months of the year was 37%, more than in all of 2020, when consumer prices rose 36.1%.

While the Government initially projected a 29% rise in prices for 2021 – a pattern already exceeded – the latest private forecasts that the Central Bank collects monthly indicate that inflation will be 48.2% this year and in 2022, 46 %.

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