Argentina inflation ticks up to 2.7% in December, ends 2024 at 118%
BUENOS AIRES (Reuters) -Argentine monthly inflation ticked up slightly in December, data showed on Tuesday, though the annual rate continued to slow amid tough austerity measures and spending cuts being pushed by libertarian President Javier Milei.
US Wholesale Inflation Cools in December
US wholesale inflation unexpectedly cooled in December, helped by a drop in food costs and and flat services prices that may help temper concerns of lingering price pressures. The producer price index rose 0.
Wholesale inflation heated up less than expected last month
Wholesale-level inflation heated up further to close out 2024, a sign that price pressures are building at a time when President-elect Donald Trump threatens to unleash a substantial array of tariffs.
Argentina's inflation expected to have accelerated 2.7% in December
Argentina's monthly inflation likely rose 2.7% last month, an acceleration from the 2.4% reading in November, according to the median expectations of analysts polled by Reuters.
Inflation rose to 3.3% in December in producer price index
Inflation, as measured by the producer price index, rose three-tenths of a percentage point to 3.3% for the year ending in December, hinting that the economy may not yet have vanquished price pressures.
Inflation watch: Wholesale prices rose 0.2% in December, less than expected
The producer price index was expected to increase 0.4% in December, according to the Dow Jones consensus estimate.
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