Overview
- Caputo confirmed Pedro Ignacio Lines as interim director after Marco Lavagna stepped down, citing differences over when to implement the new CPI.
- Authorities said January inflation will be published using the existing methodology, postponing a switch that INDEC had planned to debut with January data.
- Central bank work and academic estimates indicate the revamped basket, which gives more weight to services, would have lifted measured inflation in 2024–2025.
- The suspended update adopts COICOP 2018, expands to 13 divisions by adding insurance and financial services, and reweights using the 2017–2018 household spending survey.
- The delay raises independence concerns voiced by INDEC staff and unions, and it pushes back a change that had been flagged in technical plans and cited in IMF commitments.