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Argentina: Prices Rose 16 Percent in September

Prices rose 16.0 percent in Argentina in September compared to the previous month, according to Indec.

The overall increase in prices can be attributed more to imported products rather than domestic products. The price of imported products rose 24.4 percent, whereas the price of domestic products rose 15.9 percent.

Four general categories saw month-over-month increases of greater than 20 percent: fishery products at 28.3 percent; crude oil and gas at 24.5 percent; electrical machinery and apparatuses at 20.4 percent; and vehicles, bodies, and spare parts at 23.3 percent.

Since the beginning of the year, overall prices increased 66.1 percent with domestic products increasing by 63.2 percent and imported products increasing by 104.9 percent. The price of crude oil and gas saw the highest price increase at 129.4 percent.

Several categories of products have more than doubled in price from September 2017 to September 2018, including fishery products at 105.6 percent, crude oil and gas at 145.5 percent, and imported products at 113.1 percent.

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