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Argentina Inflation March 2024

Argentina: Inflation comes in at highest level since our records began

Inflation rose to 287.9% in March from February’s 276.2%. March’s figure marked the highest inflation rate since our current records began.

The trend pointed up, with annual average inflation coming in at 183.2% in March (February: 165.9%).

Lastly, consumer prices increased 11.01% in March over the previous month, below February’s 13.24% rise. March’s result marked the weakest reading since October 2023.

Commenting on the reading, Itaú Unibanco’s Andrés Pérez and Diego Ciongo stated:

“The appreciation of the currency and weaker consumption driven by the sharp contraction of real wages contributed to slow the monthly rise of inflation at the margin. We maintain our year-end inflation forecast at 180%, with monthly headline inflation projected to fall to one digit in April.”

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