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ES
Argentina's inflation undershot forecast before Buenos Aires Province vote
['Manuela Tobias', 'Https', 'Fotos.Perfil.Com Autores Default']
Buenos Aires Times
Argentina’s monthly inflation climbed less than expected as a crucial vote in Buenos Aires Province had stirred up currency volatility.
Consumer prices rose 1.9 percent in August from July, just below the two percent median estimate of economists surveyed by Bloomberg, matching July’s print.
Annual inflation slowed to 33.6 percent, according to government data published Wednesday.
Volatility last month before the vote, which the libertarian’s party lost to his leftist Peronist rivals by nearly 14 percentage points, led the government to eventually intervene in Argentina’s currency market.
Argentina is expected to finish the year with 28 percent annual inflation this year, according to an August Central Bank survey of economists.
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