Argentina September Inflation 0.9%

Argentina recorded monthly inflation of 0.9% in September, according to the national institute of statistics (INDEC), up on August’s figure of 0.6%, and above most analysts’ forecast of between 0.6% to 0.8%. The rise was the highest monthly climb since April, when prices rose by 1%; it took inflation for the nine months through September to 7.1%. The September price rise was driven largely by a hike in the cost of clothing, up 5.7% over the month, as a result of the change in season. Food and beverages rose only 0.8%.