macro

Argentina's October monthly inflation rises to 2.2%, above forecasts

Argentina's monthly inflation reached 2.2% in October and annual inflation eased to 33.1%, both above analysts' expectations, according to INDEC data reported by Reuters.

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what happened

Argentina's monthly inflation rate reached 2.2% in October, slightly above September's level. Reuters reported the figure citing the national statistics agency INDEC.

The annual rate edged down to 33.1% from 33.4% in September. Both readings came in above the forecasts in a Reuters poll of analysts, who had expected 1.9% monthly and 32.7% annual.

Housing, water, electricity, gas and other fuels rose the most, by 4.2%, driven by higher gas prices. Education posted the smallest increase, at 1.3%.

why it matters

The data matter for the outlook on interest rates and the peso, since inflation is running above expectations. Even at roughly 2% a month, sectors hurt by President Javier Milei's austerity measures face strain, and lower-income households continue to lose purchasing power.

market impact

Peso and Argentine bonds: inflation above forecasts adds uncertainty over monetary policy.

tags

instruments

ARS/USDArgentine bonds

sources

  1. Argentina monthly inflation rises to 2.2% in October — Reuters, 12 November 2026 at 19:08 UTC
  2. Argentina monthly inflation rises to 2.2% in October — Reuters, 12 November 2026 at 19:24 UTC

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