Argentina - 02

Argentina: Stubbornly High Inflation Undercuts Central Bank Targets

As October midterms loom, inflation remains one of Argentines’ most pressing concerns. At the outset of 2017, some estimates projected inflation in Argentina to decline to 22% by the end of the year (compared to over 30% in recent years). At the same time, the central bank set an aggressive target of 12–17% by the end of 2017. However, consumer prices rose almost 12% in just the first half of the year, and recent reports and economic indicators point to an additional 2% increase in July.

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