SQUAWK/NEWS
Account
Theme
Account
Menu
Live News CENTRAL_BANK ARTICLE H impact

UPDATE 1 — Argentina monthly inflation rises in September to 1.9%

(Updates with details on sectors, background) BUENOS AIRES, Oct 13 (Reuters) — Argentina's monthly inflation rate was 1.9% in September, slightly above the level recorded in August, while the 12-month figure slightly slowed, data from national statistics agency INDEC showed on Tuesday. The September figure came in line with analysts' expectations of 1.9% in a Reuters poll. Annual inflation eased to 33.4% in September from 33.5% in August, according to national statistics agency INDEC, with the figure slightly below analysts' forecasts. The biggest monthly increases were the housing, water, electricity, gas, and other fuels sector, which rose 3.1%, and the education sector, up 3%. Food and non-alcoholic beverages, the largest component of the index, rose 2%. Libertarian President Javier Milei has sought to curb inflation despite an economic contraction caused by a prolonged austerity drive. Analysts had expected inflation to increase in September, as seasonal factors pushed up food prices. Inflation is expected to hover around 2% in the coming months, hitting 30% by the end of 2026, Julian Neufeld, an economist at the Libertad y Progreso Foundation, told Reuters last week. (Reportin

ARCPIMECIARCPINECI

9% in September, slightly above the level recorded in August, while the 12-month figure slightly slowed, data from national statistics agency INDEC showed on Tuesday. 9% in a Reuters poll. 5% in August, according to national statistics agency INDEC, with the figure slightly below analysts' forecasts. 1%, and the education sector, up 3%.

Food and non-alcoholic beverages, the largest component of the index, rose 2%. Libertarian President Javier Milei has sought to curb inflation despite an economic contraction caused by a prolonged austerity drive. Analysts had expected inflation to increase in September, as seasonal factors pushed up food prices. Inflation is expected to hover around 2% in the coming months, hitting 30% by the end of 2026, Julian Neufeld, an economist at the Libertad y Progreso Foundation, told Reuters last week.

com;)