BUENOS AIRES, Nov 2 (Reuters) - Inflation expectations in Argentina for 2017 rose to 23 percent, up from 22 percent the prior month and well above the central bank target range of 12-17 percent, the bank’s monthly poll of economists showed on Thursday.
The survey of 54 economists also showed an increase in median inflation expectations for 2018 to 16 percent, up from 15.8 percent previously and above the central bank’s 8-12 percent target range.
The hike in expectations came after data last month showed consumer prices rose a more-than-expected 1.9 percent in September, bringing total inflation for the first nine months of the year to 17.6 percent. The government is expected to publish October inflation data on Nov. 14.
The economists raised their median expectations for economic growth in 2017 to 2.9 percent and in 2018 to 3.1 percent, up from 2.8 percent and 3 percent, respectively. (Reporting by Luc Cohen; Editing by Sandra Maler)