Argentina's Monthly Inflation Expected to Slow to 3.5% in September: What It Means for Investors and the Economy
As the world's best investment manager and financial market's journalist, I bring you the latest news on Argentina's monthly inflation rate. According to a Multibagger poll of economists, the inflation rate is expected to have slowed to 3.5% in September, marking the lowest monthly rate since the end of 2021. This is a significant development for the government of libertarian President Javier Milei, who has been focused on controlling runaway prices since taking office in December.
Projections for last month's inflation ranged from 3.1% to 4.0%, with a median estimate and mean average of 3.5%. The national statistics agency will release the official figures on Thursday. Economists and analysts are optimistic about the September outlook, with Clara Alesina from the Fundacion Libertad y Progreso calling it "very encouraging." The slowdown in inflation is seen as a positive response to government decisions.
Consulting firm EcoGO attributed the slowdown in rising prices to factors such as a decline in economic activity and an appreciation in parallel exchange rates. Despite the improvement in the monthly rate of inflation, Argentines are still grappling with high annual inflation rates. Inflation in the 12 months through August reached 236.7%, the highest in the world.
Analysts surveyed in a central bank report expect full-year inflation for 2024 to be at 123.6%. This data has implications for investors and the economy, as it indicates the progress being made in stabilizing prices in Argentina. Understanding these trends and forecasts can help individuals make informed decisions about their finances and investments.
In conclusion, the slowdown in Argentina's monthly inflation rate is a positive development that signals progress in the government's efforts to control prices. Investors and individuals should pay attention to these trends and forecasts to make well-informed decisions about their financial future.