Argentina Inflation January 2022


Argentina: Inflation declines to lowest level since June in January

February 16, 2022

Consumer prices rose 3.88% from the previous month in January, coming in above the 3.84% rise recorded in December. December's result marked the most pronounced increase in eight months. In January, the sharpest rises in prices were recorded for communication, restaurants and hotels and food and non-alcoholic beverages.

Inflation came in at 50.7% in January, down from December’s 50.9%. January's reading represented the weakest inflation rate since June 2021. Annual average inflation rose to 49.3% in January (December: 48.4%).

Inflation is expected to be 47.9% at the end of 2022, which is up 2.7 percentage points from last month’s forecast. Inflation is projected to decelerate to 36.7% at the end of 2023.


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Argentina Inflation Chart

Argentina Inflation January 2022

Note: Annual and monthly var. of Buenos Aires consumer price index in %.
Source: Argentina National Statistical Institute (INDEC).

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