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Argentina’s Consumer Recovery Stalls as November Sales Slip Again

Lower inflation has failed to lift real incomes, keeping household demand fragile.

Overview

  • Scentia reports November mass-consumption sales fell 1.8% from October and 0.1% year over year, with January–November still up about 2.2%.
  • Supermarkets and wholesalers posted the steepest declines, while online sales rose 13.2% year over year and independent autoservicios gained 2.8% in November.
  • Worldpanel says the rebound halted in Q3, with store visits down 2.2% and purchased volumes down 2.1% after 1.5% growth in January–September.
  • Household strain is rising: 43% of buyers say they reach month-end ‘tight,’ and a Moiguer survey finds 62% cut routine spending, 50% run out of money, and 57% hold debt.
  • Buying habits are shifting to smaller, more frequent baskets with heavier use of promotions and cheaper brands, and analysts expect only a gradual, income-led recovery into 2026.