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Inflation in Argentina? Somewhere between 1.4% and 2.48%

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Staff writer ▼ | October 17, 2014
Argentina's inflation during September reached 1.4% and accumulates 19.8% in the nine months according to the latest release from the government stats office Indec.
September   Interesting ways to present data
However earlier in the week the Freedom of Expression committee from the Lower House which regularly announces the average of private analysts, (identified as the congressional index), said the consumer price index for the ninth month of the year was 2.48% and 41.6% in the last twelve months.

According to Indec the most influential items for September were: 'other goods and services', which was up 2.5%; health care, transport and leisure 1.5%; clothing, 1.9% and 1.1% for food. More specifically regarding 'food', beef was up 0.9%; cooking oil, 1.9%; dairy and poultry, 1.6% and fruit, 2%.

Likewise wholesale prices in September increased 1.6% over the previous month, and so far this year add up to 24.4%. The 1.6% was fueled by a 1.8% increase in Argentine goods; 1.8% in manufactured goods and 1.4% for imported goods.

In more detail, oil and gas wholesale prices were up 1.4% in September and 24.4% in nine months while fisheries increased 2.2% and 26.3%, while agriculture and livestock climbed 0.5% in the month and 30% in Jan-Sept.

As to the 'congressional index', released by the opposition members from the Freedom of Expression committee it climbed to 2.48% and 41.6% in the last twelve months.

Finally regarding construction costs, according to Indec they increased 1.1% in September adding up to 29.1% in the first nine months of the year. The index was made up of a 2% increase in materials' cost; labor, 0.6% and general services, 0.4%.