New strong rise in inflation in Argentina, rising to 33% in October
The price index rises compared to +1.9% in September, year-on-year at 33.1%
Quick Look
- In Argentina, October inflation marked +2.2% month-on-month, up compared to +1.9% in September, bringing the year-on-year change to 33.1% and the increase accumulated since January 2026 to 26.3%.
- Domestic services recorded the largest increase with +4.2% on bills.
AI-generated summary
Why It Matters
Javier Milei's ultra-liberal government has promised to crush inflation, but official data for October show a monthly increase in prices of 2.2%, higher than the +1.9% in September.
Javier Milei's ultra-liberal government's plan to "annihilate" inflation is not yet bearing fruit despite the president's repeated promises. According to official data published today, in October the price index recorded a +2.2% month-on-month (up compared to +1.9% in September), making the year-on-year change stand at 33.1% and bringing the overall increase accumulated since January 2026 to 26.3%.
The item in the basket that recorded the greatest increase was that relating to domestic services (electricity, water, gas) following an increase in bills of 4.2% on average. However, food prices recorded increases just below the average (+2%).
Open Questions
- What specific measures does the government intend to take to reverse the inflationary trend
- If the ultra-liberal plan will be revised in light of the October data
