POLL-Argentina monthly inflation likely accelerated in September as food prices rallied - Reuters News

By Hernan Nessi

- Argentina's monthly inflation is estimated to have accelerated to 1.9% in September, driven by seasonal factors that pushed up food prices, a Reuters poll of economists showed.

The median estimate from a survey of 14 local and international analysts, compares with a 1.7% increase registered in August, a level at which they don't expect monthly inflation to fall in the coming months.

• The Consumer Price Index was "heavily influenced by seasonal factors" this month, said the consulting firm C&T Asesores Economicos.

• Food and beverages prices rose 2% in September — the fastest pace since May — with vegetables up 11% and meat up 2.1%, they added.

• On the year, inflation is forecast at a median 33.3% for September, versus a 33.5% increase the prior month. Official data are due on Tuesday.

• "According to our nowcast, September's inflation would end at 2% month-on-month, which would bring year-on-year inflation to 33.4%," Julian Neufeld, an economist at the Libertad y Progreso Foundation, told Reuters.

• Looking ahead, inflation is expected to hover around 2% in the coming months, hitting 30% by the end of 2026, he added.

• Economist Ignacio Ruiz at Ecolatina forecast inflation between 1.7% and 2% in coming months, citing constant utility tariff adjustments and seasonal goods factors.

• President Javier Milei's government has sought to curb inflationdespite an economic contraction caused by a prolonged austerity drive, accompanied by rising poverty and homelessness.


(Report by Hernan Nessi; Writing by Aida Pelaez-Fernandez; Editing by Lucinda Elliott)