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Argentina inflation slows to 1.7% in August FAST-MOVING
Argentina's monthly inflation rate slowed to 1.7% in August, according to INDEC, marking the lowest monthly increase in 14 months. The annual inflation rate stands at 33.5%, while year-to-date inflation has reached 21.3%.
Economic Minister Luis Caputo celebrated the deceleration, noting it is the lowest August rate since 2017. Within the consumer price index, the housing, water, electricity, gas, and other fuels category saw the highest monthly increase at 2.8%. Regulated prices rose by 2.2%, while seasonal prices fell by 0.9%, with clothing and footwear being the only category to record a decrease of 0.6%. Core inflation was reported at 1.8%.
Despite the cooling inflation, the broader economic landscape remains challenging. Manufacturing industrial production fell 5% in July, and the industrial sector has seen a 2.6% contraction in the first seven months of the year. Additionally, reports from ATE indicate that public sector wages have fallen 40.5% during the current administration, contributing to increased debt among state employees.
Entities
Argentina · Buenos Aires · Christine Lagarde · Destatis · European Central Bank · Federal Statistical Office · Federal Statistical Office of Germany · Federico Sturzenegger · Germany · Goldman Sachs · INDEC · Ifo Institute
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 14 SOURCES] Germany's inflation rate reached 2.9 percent in August.
- [● 14 SOURCES] Energy prices in Germany rose by 10.5 percent in August compared to the previous year.
- [○ 1 SOURCE] European gas prices rose to over 79 euros per megawatt hour (MWh).
- [○ 1 SOURCE] Goldman Sachs analysts estimate the TTF gas price could exceed 100 euros per MWh by December 2026.
- [○ 1 SOURCE] 27 percent of gasoline and diesel vehicle owners in Germany plan to switch directly to electric vehicles.
- [○ 1 SOURCE] German gas storage facilities are approximately half full.
- [● 13 SOURCES] Heating oil prices in Germany rose by nearly 50 percent compared to the previous year.
- [● 14 SOURCES] Gasoline prices in Germany increased by 27.7 percent compared to the previous year.
- [● 9 SOURCES] Eurozone inflation rose to 3.3 percent in August.
- [● 7 SOURCES] The ECB raised the deposit rate from 2.25 to 2.5 percent.
- [● 17 SOURCES] Argentina's inflation accumulated to 21.3 percent between January and August. bankmagazine.com.ar · www.junindigital.com · www.lavozdesanjusto.com.ar · paralelo54online.com.ar · inforama.com.ar · +1 more
- [● 14 SOURCES] Argentina's year-on-year inflation reached 33.5 percent in August. bankmagazine.com.ar · www.lavozdesanjusto.com.ar · paralelo54online.com.ar · inforama.com.ar · lagacetadigital.com.ar