Buenos Aires City inflation cooled to 9.4% in October

The monthly rate was down from the 12% registered in September, but hit 146% inter-annually

Prices in Buenos Aires City rose by 9.4% in October, bringing yearly inflation to 146%, according to local government statistics published Tuesday. 

The city Consumer Price Index figure for October is down from the previous month, when it hit 12%, but prices have risen by 120% in 2023 to date.

Educational costs were up by 15.2%, largely as a result of increases in school fees. Other sectors to see strong hikes included housing and utilities — whose prices rose by 12% largely as a result of rent raises and increased water bills — and clothing and shoes (up 11.2%). 

The prices of food and non-alcoholic drinks, which significantly influence the index, were up by 9%. As in September, bread, meat, and dairy products contributed the most to the increases.

Other sectors and industries that weighed heavily on the index included cars, bars and restaurants, and health insurance payments.

National inflation spiked in August after the government devalued the peso by 22% at the behest of the International Monetary Fund, and the index reached a 32-year high in both August and September. 

Argentina’s INDEC statistics bureau will publish national inflation data for October on November 13, six days before the presidential run-off election.


All Right Reserved.  Buenos Aires Herald