According to Indec, the sector with the highest increase in the month was Education (5.1%), followed by Housing, water, electricity, gas and other fuels (4.5%) due to increases in Housing rent and related expenses.

Argentina's National Institute of Statistics and Census (Indec) reported that inflation rose 2.4% on a monthly basis in November, and accumulated a variation of 112% for the year. In the year-on-year comparison, the increase reached 166%.

The division with the highest increase in the month was Education (5.1%), followed by Housing, water, electricity, gas and other fuels (4.5%) due to increases in Housing rent and related expenses; Water supply; and Electricity, gas and other fuels.

The division with the highest incidence was Housing, water, electricity, gas and other fuels (4.5%) for the Pampas, Cuyo and Patagonia regions, while in GBA it was Transport (3.4%). In the Northeast, the highest incidence was recorded in Clothing and Footwear (1.9%) and in the Northwest region, in Restaurants and Hotels (3.6%).

The smallest variations in November were observed in the divisions Home Equipment and Maintenance (1.5%) and Food and Non-Alcoholic Beverages (0.9%).

At the category level, Regulated (3.5%) led the increase, followed by Core CPI (2.7%), while Seasonal decreased by 1.2%.

Through his X account, the Minister of Economy, Luis Caputo, highlighted that November's inflation was "the lowest since July 2020." "The disinflation process continues. We are getting closer to lowering the crawling peg to 1%," Caputo wrote.

Thus, the inflation recorded in the eleventh month of the year is in line with the expectations of the Government of Javier Milei and the market, which projected a figure below 3%. As we recall, in October the consumer price index (CPI) had registered the lowest increase in almost three years, with 2.7%, and an accumulated year-on-year increase of 193%.