LatinNews Daily - 12 November 2021

In brief: Argentina’s inflation rises

* Argentina’s national statistics institute (Indec) has released the latest figures for the consumer price index (IPC), which show that inflation grew 3.5% in October compared with September, following an increase of 3.5% in September which had marked a new acceleration after five previous months of slowing inflation. The October figure brings annual inflation in the 12 months to October to 52.1%. The clothing and health categories saw the highest monthly increase in prices (5.1% and 4.7%, respectively), but the 3.4% inflation in the food & non-alcoholic drinks category weighed most heavily on overall inflation in October. Analysts polled by news agency Reuters ahead of the data release had predicted a 3.2% monthly rise, with a wide range of forecasts between 2.5% to 3.7% for the month.

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