argentina inflation rate
Argentina registered inflation of 36,1% in 2020, with the declining rate during three quarters, picking up strongly in the last three months particularly basics such as food which is serious since almost half of the Argentine population are cataloged as poor or living below the poverty line. Corporate solution including all features. Prices were mainly nudged higher by food & non-alcoholic beverages (4.4 percent vs 2.7 percent in November); transport (4.9 percent vs 3.6 percent) and restaurants & hotels (4.6 percent vs 3.2 percent). This feature is limited to our corporate solutions. Overview and forecasts on trending topics, Key figures and rankings about brands and companies, Consumer insights and preferences in various industries, Detailed information about political and social topics, All key figures about regions and countries, Everything you need to know about Consumer Goods, Identify market potentials of the digital future, Technology Market Outlook For example, during the 1980s, the purchasing power of the middle class shrunk by 30%. Annual average inflation fell to 41.5% in January (December: 42.7%). Then you will be able to mark statistics as favourites and use personal statistics alerts. Knoema, an Eldridge business, is the most comprehensive source of global decision-making data in the world. The most important categories in the CPI basket in the Great Buenos Aires area are food and beverages (28.6 percent of the total weight), transport (10.4 percent) … Also, prices were nudged higher by food & non-alcoholic beverages (4.8 percent vs 4.4 percent in December) and restaurants & hotels (5.4 percent vs 4.6 percent). Learn more about how Statista can support your business. Publish your articles and forecasts in our website. The inflation rate for consumer prices in Argentina moved over the past 39 years between -1.2% and 3,079.8%. Argentina inflation rate for was 0.00%, a 0% increase from. The monthly inflation rate in Argentina jumped to 4.0 percent in December of 2020 from 3.2 percent in the prior month, above market expectations of 3.9 percent. Avellaneda's administration was the first to deliver a balance in the … The monthly inflation rate in Argentina jumped to 4.0 percent in December of 2020 from 3.2 percent in the prior month, above market expectations of 3.9 percent. Download historical data for 20 million indicators using your browser. Argentina - Inflation Data The Laspeyres formula is generally used. On an annual basis, consumer prices jumped 37.2 percent in October, rising from a 36.6 percent gain in the prior month but declining from 50.5 percent in the same month of the previous year. Please do not hesitate to contact me. Core Inflation Rate in Argentina averaged 42.76 percent from 2017 until 2020, reaching an all time high of 58.80 percent in May of 2019 and a record low of 21.12 percent in January of 2018. Also, communications cost dropped further (-0.6 percent vs -0.1 percent). In contrast, inflation in the transport category softened (4.6 percent vs 4.9 percent). The 2019 inflation rate, released by the government’s Indec statistics agency, was slightly below the 54.6% that economists predicted in a December central bank poll. 193.92 %. On an annual basis, consumer prices increased 38.5 percent in January after a 36.1 percent jump in the previous month, surpassing expectations of 38.1 percent. Instituto Nacional de EstadÃstica y Censos (INDEC), Argentina Industrial Production Rises 4.4% YoY, Argentina Consumer Confidence Near 2-Year Low, Argentina Economic Activity Shrinks Less than Expected, Argentina Monthly Inflation Rate Steady at 4%, Argentina Current Account Swings to Surplus, Argentina Unemployment Rate Drops to 11.7%, Milan Stocks Continue to Advance Beyond 1-Year High, French Stocks Up for 2nd Day at 1-Year High. In contrast, inflation fell for liquor & tobacco (1.9 percent vs 4.3 percent) and education (0.1 percent vs 0.3 percent), and health (3.1 percent vs 3.5 percent). For example, the accurate PPP inflation rate for Argentina on December 31, 2020, was 120 percent per year, whereas the last officially reported inflation rate, for … The main lesson of the Argentine stabilizationexperience is that the elimination of inflation is possible even whenan economy has been flogged by that disease for decades. According to Argentine daily newspaper La Nación, Argentina had the second highest rate of inflation in the entirety of Latin America in 2017, ending the year with an inflation rate of 24.8 percent. April 21, 2020. "Argentina: Inflation rate from 2004 to 2019* (compared to the previous year)." The Federal Reserve uses monetary policy to achieve its target rate of 2% inflation. Please contact us to get started with full access to dossiers, forecasts, studies and international data. The official annual inflation rate jumped to 51.3%/yr. 53.5 (%) in 2019 In 2019, inflation rate for Argentina was 53.5 %. The inflation rate rose to almost 20% in the following year, but the ratio of debt to GDP plummeted. Argentina released its February inflation rate, and inflation spiked again. While countries adopting an explicit inflation target have seen lower inflation rates, so too have other countries. It is nottrue that in Latin American economies it is necessary to acceptannual inflation rates of around 10 percent, even after many years ofsearching for stability. Are you interested in testing our corporate solutions? "Argentina: Inflation Rate from 2004 to 2019* (Compared to The Previous Year). facts. Inflation measured by consumer price index (CPI) is defined as the change in the prices of a basket of goods and services that are typically purchased by specific groups of households. Find Out Inflation rate of Argentina … Argentina’s government under former leader and current Vice President Cristina Fernandez de Kirchner published inaccurate inflation and … This led to an average annual inflation rate of 300% between 1975 and 1990. 2014-2021 Data | 2022-2023 Forecast | Calendar. The monthly inflation rate in Argentina eased to 3.2 percent in November of 2020 from 3.8 percent in the prior month. During the observation period from 1980 to 2019, the average inflation rate was 215.4% per year. IMF. $39 per month* Inflation started rising prior to the 1980s debt crisis. Another important conclusion of the Argentineexperience is that the fiscal adjustment, understood as a reductionof the government expenditure, as well as the reduction and thee… Direct access to our calendar releases and historical data. Inflation, consumer prices (annual %) - Argentina from The World Bank: Data Learn how the World Bank Group is helping countries with COVID-19 (coronavirus). Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. Statista. Argentina: Inflation rate from 2004 to 2019* (compared to the previous year) [Graph]. and over 1 Mio. For 2019, an inflation rate of 53.5% was calculated. This isn't a surprise. You only have access to basic statistics. Year-over-year inflation rates give a clearer picture of price changes than annual average inflation. Annual inflation slowed to 48.4%, from 50.3% in February. Argentina's inflation rate will be 40% in 2020, according to a central bank poll of analysts released on Tuesday, down from an estimated 41.7% in … Accessed March 09, 2021. https://www.statista.com/statistics/316750/inflation-rate-in-argentina/, IMF. Inflation Rate MoM measures month over month change in the price of goods and services. Register in seconds and access exclusive features. Profit from additional features by authenticating your Admin account. Former center-right president Mauricio Macri froze the price, in August 2019, of oil products for 90 days with the hope of stopping the high annual … 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%. Inflation in Argentina was 34 percent in 2018, expected to rise to nearly 53.6 percent the following year. On an annual basis, consumer prices increased 36.1 percent in December after a 35.8 percent jump in the previous month. No fault of the current government and not entirely their predecessor. Argentinaâs Consumer Price Index increased by 3.8 percent on a monthly basis in October 2020, accelerating from a 2.8 percent gain in the previous month and well above market expectations of a 3.1 percent rise. Prices were mainly nudged by communications, up 15.1 percent after remaining unchanged in the previous month. Our tools allow individuals and organizations to discover, visualize, model, and present their data and the world’s data to facilitate better decisions and better outcomes. The Trading Economics Application Programming Interface (API) provides direct access to our data. The source did not provide data for 2014 through 2016 and 2020 through 2021. Inflation Expectations in Argentina averaged 27.57 Percent from 2009 until 2021, reaching an all time high of 50 Percent in May of 2020 and a record low of 20 Percent in July of 2009. Bitcoin searches have seen an unprecedented rise in Argentina when compared to the rest of the world, and many believe the reason could be … The U.S. inflation rate by year is how much prices change year-over-year. Update, Insights into the world's most important technology markets, Advertising & Media Outlook New, Figures and insights about the advertising and media world, Industry Outlook 8, 2021, Cumulative cases of COVID-19 worldwide from Jan. 22, 2020 to Jan. 25, 2021, by day. Overall, the price increase was 111,573,441,219.73 %. However, in order to contain the recession that followed on from the crisis, Argentina started printing money. Prices were mainly nudged higher by food & non-alcoholic beverages (4.4 percent vs 2.7 percent in November); transport (4.9 percent vs 3.6 percent) and restaurants & hotels (4.6 percent vs 3.2 percent). Please log in to access our additional functions, *Duration: 12 months, billed annually, single license, The ideal entry-level account for individual users. ", IMF, Argentina: Inflation rate from 2004 to 2019* (compared to the previous year) Statista, https://www.statista.com/statistics/316750/inflation-rate-in-argentina/ (last visited March 09, 2021), Argentina: Inflation rate from 2004 to 2019*, Life expectancy at birth in Argentina 2018, Median age of the population in Argentina 2015, Gross domestic product (GDP) in Argentina 2025*, Gross domestic product (GDP) per capita in Argentina 2025*, Gross domestic product (GDP) growth rate in Argentina 2025*, Argentina: Share in global GDP adjusted for PPP 2025, Share of economic sectors in the GDP in Argentina 2019, Employment by economic sector in Argentina 2020, Youth unemployment rate in Argentina in 2020, National debt of Argentina in relation to gross domestic product (GDP) 2020*, Ratio of military expenditure to gross domestic product (GDP) in Argentina 2019, Ratio of government expenditure to gross domestic product (GDP) in Argentina 2024*, Argentina's budget balance in relation to GDP 2020*, New cases of COVID-19 worldwide from January 23, 2020 to March 7, 2021, by day, Inflation rate in the countries of the Arab world 2019, Inflation rate in the emerging market and developing economies 2025, Monthly inflation rate in France July 2020, RPI of tobacco retail stores Thailand 2011-2020, RPI of pharmacy, medical supply, fragrance, cosmetic retail stores Thailand 2011-2020, RPI of motor vehicle retail stores Thailand 2011-2020, RPI of motor vehicle parts and accessories retail stores Thailand 2011-2020, Colombia: number of neurologists 2011-2017, Industry revenue of “Manufacture of glass packaging“ in Brazil 2011-2023, Electricity consumption forecast in Bolivia 2010-2025, Industry revenue of »wholesale of computers and software« in Latvia 2011-2023, Scrap iron export volume from Belgium 2008-2014, Argentina: Inflation rate from 2004 to 2019* (compared to the previous year), Find your information in our database containing over 20,000 reports, Tools and Tutorials explained in our Media Centre. Argentina’s high inflation rate is one of the factors that make it more vulnerable than other emerging markets to moves by global investors away from risky assets. International Monetary Fund and United Nations provide graphs that are slightly different about consumer prices inflation in Argentina: IMF presents higher inflation rate and indicates the rise since 2017 while UN shows the decline of the inflation rate since 2016. Argentina: how inflation, debt and poverty combined to deliver a brutal primary election result for president Mauricio Macri August 20, 2019 7.13am EDT Luciana Zorzoli , … On an annual basis, consumer prices increased 35.8 percent in November, the least since August of 2018, after a 37.2 percent jump in the previous month. Rising food prices and a sharp adjustment in telecom rates pushed inflation higher in the first month of 2021. The rise in the inflation rate was led by a 17% jump in education prices as schools briefly opened for the academic year last month. Directly accessible data for 170 industries from 50 countries (billed annually). Inflation is poised to accelerate this year as the economy recovers and the government allows more price adjustments. 1944 - 2021. Inflation rate is defined as the annual percent change in consumer prices compared with the previous year's consumer prices. The monthly inflation rate in Argentina remained at 4.0 percent in January, matching market expectations. Argentina’s annual inflation rate is roughly 40%. (April 21, 2020). N/A. The Argentine central bank was too optimistic about the effects of inflation targeting. Inflation is measured in terms of the annual growth rate and in index, 2015 base year with a breakdown for food, energy and total excluding food and energy. Facebook: number of monthly active users worldwide 2008-2020, Smartphone market share worldwide by vendor 2009-2020, Number of apps available in leading app stores 2020, Profit from additional features with an Employee Account. Then you can access your favorite statistics via the star in the header. In, IMF. Please authenticate by going to "My account" → "Administration". According to OECD, Argentina inflation rate is fluctuating. COVID-19 deaths worldwide as of March 8, 2021, by country, COVID-19 cases worldwide as of March 8, 2021, by country, Coronavirus (COVID-19) cases, recoveries, and deaths worldwide as of Mar. It was the highest monthly inflation rate since November 2019 mostly driven by food & beverages (4.8 percent vs 3.0 percent); transport (4.2 percent vs 3.6 percent); recreation & culture (2.6 percent vs 1.9 percent), and utilities (2.3 percent vs 1.5 percent). It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. The list is based on the CIA World Factbook data [1] unless otherwise indicated, and is updated according to the statistical updates by respective cities. Quick Analysis with our professional Research Service: Content Marketing & Information Design for your projects: * Estimate.Figures have been rounded. The figures, released by the INDEC statistics bureau today showed that the final inflation figures for the year were much higher than the official target of … The Organization for Economic Cooperation and Development (OECD) estimates that Argentina's inflation rate will slow to about 34 percent in 2019, an agency … Inflation Expectations in Argentina decreased to 40 percent in February from 44 percent in January of 2021. Please create an employee account to be able to mark statistics as favorites. As a result, annual inflation accelerated to 38.5% in January from 36.1% in the previous month. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. Prices slowed mostly for food & non-alcoholic beverages (2.7 percent vs 4.8 percent in October); transport (3.6 percent vs 4.2 percent) and restaurants & hotels (3.2 percent vs 3.4 percent). Consumer inflation in the last month of 2017 in Argentina clocked in at 3.1 percent, taking the cumulative inflation for 2017 to a total 24.8 percent. In contrast, prices for communications remained unchanged after dropping 0.6 percent in the previous month. Chart. New, Everything you need to know about the industry development, Find studies from all around the internet. The effect is more pronounced under inflation-targeting regimes, to be sure.
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