Like every month, the National Institute of Statistics and Census (INDEC) publishes in the middle of the month. Inflation index for this Wednesday, November 12, 2025 Corresponds to October.
According to the latest report, the Consumer Price Index (CPI) In September it exceeded 2% (was 2.1%)a mark similar to what would be expected with last month’s data.
Based on information known so far, the 10-month inflation rate is a record slightly higher than the previous month. The BCRA Expectations Survey also includes estimates from 42 consulting firms and financial institutions. The inflation rate is expected to be 2.2% in the 10th month of this year. This was slightly higher than September’s figure. The consensus among consulting firms and banks is that this month’s and next’s data will be slightly lower. It was 1.9% in November and 2% in December. It also expects the year-on-year inflation rate to end 2025 at 29.6%.
Another fact known to portend the national CPI is inflation in the city of Buenos Aires due to significant increases in fruit, housing costs and clothing.it was 2.2% in October.Repeat the percentages from September, However, it was higher than August’s 1.6%.
The consumer price index rose 25.3% in the first 10 months of this year. Compared to a year ago, the increase is 33.6%, according to data from the Buenos Aires Institute of Statistics and Census.
Beyond this estimate, some consulting firms have adjusted their numbers a bit more in recent days, projecting inflation from October to October. 2.4% as well as Fundación Libertad y Progreso and Eco Go..
Therefore, the cumulative inflation rate so far this year is 24.9%, with year-on-year change of 31.4%, continuing to slow down. Starting from January next year, the National Statistics Agency will change the method for measuring the pace of inflation.
“The month has been relatively flat, with a slight acceleration at the end, but no sudden spikes,” the Libertad and Progreso newspapers explained, stressing that “the food and beverage sector has grown significantly, slowing down in the third week but accelerating again in the fourth.”
And for his part, analysis Indicates the general level of consumer prices will reach 2.2%fluctuations similar to the official data for September.
For Equilibra, this number will be driven by core components (2.2%) and will be around 2.1%, the same as in September.
Meanwhile, the consultant C&T led by Camilo Tiscornia project 2% inflation “Other goods and services had the largest decline (4.5%), due to a combination of increases in tobacco, toiletries and beauty products,” said the study, conducted in the 10th month of the year in the Buenos Aires Metropolitan Area (GBA).
Within this framework, they highlighted that the 12-month price change has decreased slightly from 30.3% in September to 29.3% last month.
PxQ The lowest figure was estimated by a consulting firm, at 1.9% for the 10th month of this year.
Initial private estimates suggest that the “lower bound” of inflation this month is expected to exceed 2% per month, due to rising prices at butchers in recent weeks.
The impact of higher prices on the most consumed cuts of meat will put pressure on the consumer price index, which will exceed what the central bank’s Market Expectations Survey (REM) predicted last Friday. The consensus among consulting firms and banks was for prices to rise 1.9% this month and 2% in December.
Various consulting firms have released their first forecasts for price increases in the first few days of November. In the Analytica project, This month’s CPI will be 2.3%. Econviews, on the other hand, posted a higher price increase of 1.1% in the first week. Consulting firm EcoGo also reported that the weekly inflation rate for early November was 1.1%, a significant increase compared to 0.2% at the end of October.
Regarding meat, he asserted, “After several weeks of stabilization, meat recorded an increase of 1.4% due to an increase in beef prices (2.5%). We do not exclude the possibility of a new increase in the coming weeks.” During November, EcoGo predicts a CPI of 2.5%.
