# Argentine January inflation 1.8%; minister admits it is a slower pace than expected — MercoPress

> 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.

- Date: 2018-02-17 · published 2018-02-17T12:00:00.000Z
- Category: macro · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/66751-argentine-january-inflation-1-8-minister-admits-it-is-a-slower-pace-than
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

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.

## Read by commodity

- USDARS: bearish ▼

## Sources

- en.mercopress.com: https://en.mercopress.com/2018/02/17/argentine-january-inflation-1.8-minister-admits-it-is-a-slower-pace-than-expected

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.