The Steps of Inflation

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The Steps of Inflation

First week
December 2019

Inflation in Argentina is endemic. With the exception of the Convertibility period, we have been dealing for over 15 years with a “stepping” inflation, which went from a step that averaged 10% in 2003-06, to 20% in 2007-13, to 30% in 2014-17, and now 50% in 2018-20. The latest estimations for November show a new upward trend toward the 4% to 5% monthly zone, which, again, brings up the problem of how to anticipate this seemingly untamable variable which greatly determines the business climate.