Argentina retail prices to maintain double-digit rise in September - Reuters poll
BUENOS AIRES - Argentina's monthly inflation is forecast to have hit 11.5% in September, according to the median of a Reuters poll of 20 analysts, remaining in the double digits though moderating slightly from its worst rate in 32 years last month."September marks the second consecutive month with double-digit inflation," said Eugenio Mari, chief economist at the Libertad y Progreso Foundation.
"We estimate that inflation will sustain this dynamic for the coming months, without returning to a monthly rate of 10% until the end of the year," said Paula Gandara, an analyst at Adcap Asset Management. The Secretariat of Economic Policy recently began publishing a weekly measure of inflation in which it shows that in the week of Sept. 25 prices rose 1.3%, down from the 4.8% peak registered in mid-August.
However, economist Martin Kalos estimated that September's inflation figure"is similar to that of August. There's not going to be a slowdown."
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