A saleswoman gives change to a customer at a greengrocer’s shop at the Mercado Central, the city’s largest wholesale central market, which receives produce from the entire country, as Argentines face a daily race for deals as inflation soars above 100%, on the outskirts of Buenos Aires, Argentina September 12, 2023. REUTERS/Matias Baglietto
Analysts polled by Argentina’s central bank raised their estimate for annual inflation for this year (ARCPIN=ECI) to 185.0%, the bank said on Monday, up from last month’s estimate of 180.7%.
The Market Expectations Survey (REM), conducted between Oct. 27 to 31 among 38 participants from consulting firms, financial entities and local and international research centers, estimated monthly inflation will reach 11.5% in November.
Annualized inflation hit 142.7% in October, the country’s statistics office said on Monday, with the monthly rise landing at 8.3%, although that was down from peaks in August and September and below analyst forecasts.
Reporting by Jorge Otaola; Writing by Brendan O’Boyle; Editing by Kylie Madry
