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Argentina inflation hits 3.5% in September, annual rate at 209%

BY Reuters | ECONOMIC | 10/10/24 03:03 PM EDT

BUENOS AIRES, Oct 10 (Reuters) - Argentina's monthly inflation rate stood at 3.5% in September, in line with a Reuters poll forecast and down from 4.2% in August, data from the INDEC statistics agency showed on Thursday.

Month-on-month inflation declined dramatically in the first few months of the year but had since May stayed stubbornly at around 4%. The latest data marks the lowest level since late 2021.

Inflation in the 12 months through September reached 209.0%, among the highest in the world, also in line with the poll forecast of 209.1% and slowing from a rate of 236.7% recorded the previous month. (Reporting by Sarah Morland and Hernan Nessi; Editing by Brendan O'Boyle)

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

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