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Montevideo, July 17th 2018 - 20:51 UTC

Argentine inflation forecasted to end at 21% this year and 14.3% in 2018

Friday, November 10th 2017 - 01:02 UTC
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The Argentine monetary authority gave up on its inflation target for 2017, between 12 and 17%, focusing on the target for the end of 2018, from 8% to 12% The Argentine monetary authority gave up on its inflation target for 2017, between 12 and 17%, focusing on the target for the end of 2018, from 8% to 12%

Argentina's annual core inflation forecast for the end of 2017 rose by 0.7 percentage point (pp) in November to 21%, according to a monthly survey conducted by the Argentine central bank. For 2018, analysts estimated a 14.3% annual inflation, from 14% in the previous survey.

 Recently, the Argentine monetary authority gave up of its inflation target for 2017, between 12 and 17%, focusing on the target for the end of 2018, between 8% and 12%.

The monthly inflation projection increased to 1.4% in November from 1.3% in the previous survey.

Meanwhile, the economists forecast that the benchmark interest rate should remain at 27.75% until January 2018. After that, the economists consulted by the Argentine central bank expect a gradual decrease in interest rate until reach 21% by the end of the next year.

Finally, the respondents projected that the Argentine Gross Domestic Product growth would reach 2.9% in 2017, 3.1% in 2018, both 0.1 pp higher than in the previous survey, and 3.2% in 2019 for the fifth consecutive survey.

Categories: Economy, Argentina, Mercosur.

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  • Zaphod Beeblebrox

    BK (in another thread) “Macri's failing economic policies are creating inflation, go figure”

    Apparently not, since the inflation rate is falling and gross domestic product is growing.

    Nov 13th, 2017 - 06:40 pm 0
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