Inflation November 2025: INDEC publishes last month’s CPI

This Thursday the National Institute of Statistics and Censuses (Indec) will reveal how much it costs Inflation in November and most advisors expect a slight acceleration compared to October.

Several private company surveys suggest the general number will be that high above the recorded 2.3% in the tenth month of the year. The increase would be influenced by the strong raise what is displayed the meat since September and List of increases in regulated services.

The general price index (CPI) shows a sustained increase for half a year: it was in 1.5% so in May 1.6% in June and 1.9% in July and August. In September, the data again exceeded the two-point lower limit with a 2.1%.

Inflation 2025: What number is expected for November according to the most listened to consultancies?

LCG

The LCG survey found the following: in the last week of the month, the price of the There were no increases in food and beverages. The variation implied an abrupt delay thereafter two consecutive weeks in which weekly gains had exceeded 1.5%.

“In the last 4 weeks, average monthly inflation was 3.3%“said the company headed by Javier Okseniuk. Comparing the inflation measurement from end to end, the increase was 3.2%.

At the category level Dairy products, meat and vegetables were Determinants in the monthly accumulated when presenting a Inflation above average:

• Dairy products and eggs: +5.4%
• Meat: +3.9% (this item alone explains a third of the month’s total inflation).
• Vegetables: +3.7%

Eco Go

During the fourth week of NovemberThe consulting firm led by Marina Dal Poggetto has a 0.7% deviation in the prices of Food and drinks. With this data The average monthly inflation of this item would reach 3%..

“After the uncertainty in the run-up to the elections and the euphoria after the election victory in October, November was a month of normalization but also of corrections that contributed to further increasing inflation,” they emphasized.

Specifically, the strongest increase of the month occurred Meat (4.9%) and fruits (19.3%). Within the first category are cold cuts (+6.4%) and Beef (+5.8%) They led the variations. The front and back cuts also showed significant gains.

Out of Eco Go warned that the wholesale price of beef continues to rise “It would not be surprising to see new increases in the short term”.

The consulting firm Dal Poggetto forecasts the general price level an increase of 2.5% in October.

balance

The consulting firm led by Martín Rapetti agreed with this figure: a 2.5% increase in CPI. The Core inflation -excluding regulated and seasonal prices- marked 2.4%.

The increase at the general level was mainly due to the regulated priceswhich recorded an increase of 3.3% monthly (and 35% year-on-year).

In the food sector it is Fruit had a significant jump from 9.9%followed by Meat and derivatives with a 4.5%.

C&T

In the case of C&TThe estimated data for the general CPI for November in the Buenos Aires metropolitan area was 2.4% monthlymeasured by retail prices. As a result, the twelve-month variation decreased slightly and remained unchanged 29.1%.

According to the report, price dynamics over the month were influenced by three factors in particular: the price of beef, Cyber ​​​​Monday and regulated services.

“The beef market has already seen an upswing since October and was even stronger in Novemberwhich gave a big boost to the category of foods eaten at home (those with the highest weighting). The increase in the item was not greater due to a 12 percent decline in vegetables,” they said.

The Foods consumed at home accelerated 2.6% are above average and behind clothing (with an increase of around 5%) and electricity and gas (around 4%).

Analytics

The Ricardo Delgado-led company observed a 0.1% movement in food and beverage prices in the Buenos Aires metropolitan area. The four-week average is therefore 2.9%.

“For the general price level, we forecast a monthly increase of 2.3% in November“, they noted in their latest update. The largest increases were seen in fruits (+8.6%) and meat and derivatives (+3.8%).

Orlando Ferreres & Associates

He CPI-OJF (GBA) was the only survey that estimated a slowdown in inflation in November: it showed an increase in 2.1% monthlywhile the core measurement increased by 2.3%.

In this way, cumulative inflation is achieved in the first eleven months of the year 26.9%while the interannual variation is in 29.6%.

Prices in CABA: the data that the Indec number anticipates

The Inflation in the city of Buenos Aires reached 2.4% in Novemberwhich represents a slight increase from October’s 2.2%. This means that the price increase seems to have found its place “Lower limit” of 2% per month and acceleration is expected in December due to usual seasonality.

The Buenos Aires Statistics Institute said there was a 28.3% increase in the first 11 months of the year. The annual (year-on-year) trend of this indicator was again 32.6%, i.e. one percentage point (PP) below the previous month.

The increase in food, at 2.2% in November, was below the general index, while the item with the largest increase was “Leisure and culture” with a monthly increase of 4%albeit with a smaller presence in the consumer basket.

Meanwhile, the category that went up and went into the bag was Transportation, up 2.9% in November. The personal care segment recorded an increase of 3.7%, the out-of-home segment recorded a price increase of 2.7% and the Housing and public services The associated costs such as electricity, gas and water increased 2.5%, also above the general index. This is another area that weighs heavily on families’ pockets.

In terms of food, the upswing came from meat and by-products (4.5%), bread and grains (2.0%) and fruit (6.8%). Vegetables, tubers and legumes, for their part, fell (-5.1%).