The IPC was below the market expectation, which estimated that inflation was going to accelerate 2.1%. However, the nucleus accelerated 0.5 points to 2%, while the year -on -year is the lowest since July 2018.
The August inflation remained in 1.9% And it was below 2% per fourth consecutive month, according to Wednesday the National Institute of Statistics and Census (INDEC). Price variation accumulated a 19.5% In the first eight months of the year and the interannual slowed down to 33.6%marking its lowest level since July 2018. During the eighth month of the year, the “Pass-Through” continued being low after the Dollar climb during July (+14%) and the slight August cut (-1.9%).
In this way, the Consumer Price Index (CPI) It was below the market expectation, which estimated that inflation was going to accelerate to the 2.1%.
The most increased items were Transport (+3.6%)for the rise in acquisition of vehicles and in Fuelsfollowed by Alcoholic beverages and tobacco (+3.5%)for increases in tobacco. At the far end, Dress and footwear garments They had one deflation of 0.3%. This is the third monthly decline for 2025, in the middle of the season change -What generates liquidation promotions- and the Commercial Opening.
INDEC
However, The core inflation accelerated to 2% during August compared to 1.5% previouswhile Seasonal They yielded 0.8% – with the deflation of clothing and footwear – and the Regulated They advanced 2.7%, marking an increase of 0.4 percentage points.
“August’s data confirms that disinflation would be losing strength: Index stability is explained more due to seasonal losses in food than by a genuine pricing brake. With the regulated as a central engine and the Urbing nucleus inflationthe risk is that in the coming months a more persistent dynamic resurfaces, especially if tariff adjustments are combined with the exchange tensions that led to the dollar near the upper band, “he analyzed Leonardo Anzalone of Cepec.
In August, in addition, the Basic food basket and the Total basic basket They only increased by 1%, these being relevant to the line of indigence and poverty, although it also influences the increase in wages.
“Despite the exchange rate jump on the last day of July and the volatility of rates and dollar we saw in August, Prices scored a variation equal to that of the previous month“He said Rocío Bisang of Ecogoin dialogue with Scope. Although, he stressed that the composition of the price rise is a fact to analyze, since “the core, who had been down several months, accelerated again and was located in 2%, 0.5 pp above July; and the seasonalthat last month they played against a rise of 4.1%, this time they scored a drop of 0.8%. “
“In that sense, although the impact of monetary policy on prices was quite limited and we did not see a trigger in inflation -also because salaries and import competition contain -I think it was not entirely free either,” added the specialist.
News in development.-
Source: Ambito
