Inflation in Argentina rises 4% in January

RIO DE JANEIRO, BRAZIL – Consumer prices in Latin America´s third largest economy surged 4% over the previous month in January, matching the jump logged in December and marking the joint-fastest increase in over one year.

In January, the sharpest increases in prices were recorded for communication, restaurants and hotels and for food and beverages.

Inflation increased to 38.5% in January from December’s 36.1%, marking the fastest point in five months. Annual average inflation fell to 41.5% in January (December: 42.7%).

FocusEconomics panelists project inflation to end 2021 at 48.0%, which is up 1.3 percentage points from last month’s estimate, and 2022 at 36.6%.

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