Contrary to the government’s intentions, Inflation rose again in October; This is the fifth consecutive month of increase and the highest number since April. The consumer price index (CPI) hit a record high as the dollar strengthened due to pre-election uncertainty. 2.3% increase0.2% higher than in September.
The figure therefore maintains an upward trajectory from May’s 1.5%. It rose to 1.6% in June, jumped to 1.9% in July and August, and rose to 2.1% in September.. It accumulated 31.3% in the last 12 months and recorded 24.8% in the first 10 months of 2025.
According to the latest Market Expectations Survey (REM), this month’s expected value is 1.9%. However, the private consulting firm’s initial estimates suggest that there will be another acceleration. Will be over 2 points again.
Inflation in November: What EcoGo predicts
A consulting firm led by Marina Dal Pogetto has measured that the amount of food consumed in households is increasing 1.1% The first week of November, this represents “.Acceleration of 0.9 points compared to previous week’s record”.
“With this information Inflation for food consumed at home is expected to rise to 2.9% in NovemberConsidering the recorded 1.7% increase in food consumed outside the home; This indicator is 2.7%.
If this data is confirmed, the overall level of change will be The monthly interest rate will be 2.5%. They clarified that the data is still preliminary and subject to change, but expected the following: November is “becoming a month of adjustment.”
In detail, it estimates that increases in the prices of meat, fruit, electricity, gas and fuel “raised inflation.”
“On average, in November, Food prices increase by 2.1% per month. “This data incorporates the impact from October (1.1%),” they added.
November CPI: LCG forecast
“After reaching the floor (1.5%) in May 2025, general inflation accelerated every month. Core inflation found this bottom in July and has since returned to levels around 2%.“This proves that despite the stagnation in activity, inertia remains a key factor, making it difficult to converge to lower inflation levels,” LCG said.
The consulting firm led by Javier Oxeniuk believes that in the long term It is difficult for the inflation level to rapidly converge to a single-digit annual rate..
The reason is that “inertia is still involved” and a series of Pending relative price correction This “could add more dynamic activity and encourage decentralized bidding where it didn’t exist before.”
Regarding November, LCG predicted that “the amount of regulations will increase significantly compared to October.” on the other hand, Stability in the dollar “will give some breathing space to items like food and beverages.” To compensate for the effect.
“We expect inflation levels to remain in the 2% zone over the coming months, which is consistent with the annual inflation rate of 31% measured as of December.” he explained in detail.
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