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Argentina CPI Inflation 12.7% m-o-m in Sep-23

- Argentina experienced a significant increase in CPI inflation, reaching 12.7% m-o-m in September 2023, exceeding the previous month's rate and the 11.5% consensus expectation.
- The current inflation rate in Argentina is 5.18 percentage points above the one-year average and 7.12 percentage points above the long-run average, indicating a notable deviation from the expected inflationary trend.

Argentina industrial production -6.84% y-o-y in Jul-23

- Argentina's industrial production plummeted by 6.84% year-on-year in July 2023, marking the lowest level since August 2020.
- The decline of 7.96 percentage points below the one-year average and 7.75 percentage points below the long-run average indicates significant challenges for the country's industrial sector.

Argentina CPI inflation 124.37% y-o-y (consensus 122.6) in Aug-23

- Argentina's CPI inflation surged to 124.37% year-on-year in August 2023, surpassing the consensus forecast of 122.6%.
- The current inflation rate stands significantly above both the one-year average (21.01pp higher) and the long-run average (67.95pp higher).

Argentina CPI inflation 113.45% y-o-y (consensus 114.4) in Jul-23

- Argentina's CPI inflation for July 2023 recorded a year-on-year increase of 113.45%, slightly below the consensus forecast of 114.4%, indicating a modest moderation in price growth.
- However, despite this decline, the current level of inflation remains significantly high, standing 13.91 percentage points above the 1-year average and 58.03 percentage points above the long run average, underscoring the persistent inflationary pressures in the Argentine economy.