The skyline in Argentina

Argentina Inflation April 2024

Argentina: Month-on-month inflation down for fourth month running

Inflation came in at 289.4% in April, which was up from March’s 287.9%. April’s result marked the highest inflation rate since our current records began.

Annual average inflation rose to 199.7% in April (March: 183.2%).

Lastly, consumer prices increased 8.83% from the previous month in April, moderating from March’s 11.01% rise. The month-on-month decline was the fourth in a row and surprised markets on the downside. April’s result marked the weakest reading since October 2023.

Analysts at Credicorp Capital commented:

“We have revised downward our inflation estimate for December 2024 to 170.7% from 195.7%. This is considering that: i) it is likely that the inflation for May 2024 will be lower due to the postponement of adjustments in certain public services fees and health insurance, which are expected to be carried out later in the year; ii) the multiple early cuts by the BCRA in Apr 2024 seem to incorporate the expectation of a further decline in inflation in the coming months; and iii) there has been a new reduction in inflation expectations.”

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest