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Argentina's consumer prices rose 1.8% in January 2018 after 3.1% in December, according to statistics agency Indec, slightly above the 1.5% market forecast. Annual inflation reached 25%, against a central bank target of 15% for 2018.
Finance Minister Nicolás Dujovne acknowledged that inflation is falling, but more slowly than expected, and the local dollar fell 1.2% to 19.66 pesos as investors moved back into pesos.
Persistent peso inflation and a stronger peso can weaken the currency's pull on feed-import costs and affect Argentine farm selling decisions and crush margins. The effect on grain and meal prices is indirect and modest.
en.mercopress.comFeb 17, 2018Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
