Consumer prices were 1.8 percent higher in the first month of 2018 than in the previous month and 25 percent higher than in January 2017 according to figures published today by the INDEC statistics bureau.
The figures showed that regulated prices increased by 2.1 percent, core inflation clocked in at 1.5 percent and prices with seasonal changes were up by 2.7 percent on average across the country. Core inflation amounted to 0.95 of the 1.8 percent increase in Greater Buenos Aires, with regulated prices amounting to 0.3 percentage points.
In terms of the regions of the country, the inflation rate was highest in Patagonia (2.6 percent) and lowest in Cuyo (1.5 percent). The rate in Greater Buenos Aires, the most densely populated part of the country by far, was 1.6 percent.
In January 2017 the monthly inflation rate was 1.3 percent.