October 10, 2024 12:14 GMT
ARGENTINA: September CPI Inflation Due, College Teacher Unions To Strike
ARGENTINA
- September CPI inflation figures are due at 2000BST(1500ET), with analysts expecting the monthly rate to fall to 3.6% m/m, from 4.2% in August, on the back of the one-off impact of the PAIS import tax reduction and the expected deceleration in regulated prices. In annual terms, CPI inflation is expected to moderate to 209.1% y/y, from 236.7%. The recent BCRA analyst survey showed that inflation is expected to end this year at 123.6% y/y (vs. 122.9% previously), before declining to 35.0% next year (vs. 38.4% previously).
- Sept. National CPI YoY, est. 209.10%, prior 236.70%
- Sept. National CPI MoM est. 3.60%, prior 4.20%
- In other news, Argentine university professors will strike today after the lower house voted to uphold President Milei's veto on a university bill yesterday. The bill would increase university salaries to compensate for 2024 inflation and then adjust salaries for inflation going forward.
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