(Reuters) – Analysts surveyed by Argentina’s central banked trimmed their estimates for monthly and yearly inflation in a poll released on Thursday.
They now see full-year inflation at 120.0%, down 3.6 percentage points from their prior forecast published last month.
Analysts also see month-over-month inflation in October slightly below previously expected, at 3.0%, from the last estimate of 3.4%.
November’s prices are seen increasing 2.9% from October.
The latest poll also projected a 3.6% drop in the South American economy’s real gross domestic product (GDP) for 2024, slightly better than the analysts’ prior estimate.
“The fall (in GDP) was likely concentrated in the first half of the year,” the report read, adding that activity began to pick up in the third quarter.
The survey polled 43 analysts from Oct. 27 to 31.
(Reporting by Kylie Madry; Editing by Aida Pelaez-Fernandez)
