Argentina 2023 inflation seen at 185% -central bank poll

A saleswoman gives change to a customer at a greengrocer’s shop at the Mercado Central, the city’s largest wholesale central market, which receives produce from the entire country, as Argentines face a daily race for deals as inflation soars above 100 percent, on the outskirts of Buenos Aires, Argentina Sept 12, 2023. REUTERS/Matias Baglietto

BUENOS AIRES  – Analysts polled by Argentina’s central bank raised their estimate for annual inflation for this year to 185 percent, the bank said on Monday, up from last month’s estimate of 180.7 percent.

The Market Expectations Survey (REM), conducted between Oct. 27 to 31 among 38 participants from consulting firms, financial entities and local and international research centers, estimated monthly inflation will reach 11.5 percent in November.

Annualized inflation hit 142.7 percent in October, the country’s statistics office said on Monday, with the monthly rise landing at 8.3 percent, although that was down from peaks in August and September and below analyst forecasts.