(The Buenos Aires Times)
Argentina’s inflation-linked bonds fell Monday as the country’s statistics agency, INDEC, plans to modify the basket it uses to measure inflation.
Argentina’s inflation-linked bonds fell Monday as the country’s statistics agency, INDEC, plans to modify the basket it uses to measure inflation.
Bloomberg News reported earlier on Monday that Indec is working to change the price basket it uses to measure inflation, according to a person with direct knowledge of the matter. The modifications, which seek to reflect changing consumption habits, are planned to take place in 2022, after this year’s legislative elections, to avoid political conflicts of interest.
Prices of the country’s inflation-linked discount bonds due 2033 fell 2.4 percent and Boncer bonds due 2026 fell 2.4 percent at the market close.
