Latest reading: Harmonized inflation ticked up to 1.8% in December, following November’s 1.7% and below the Euro area average. The...
Inflation in Argentina
Over the last decade, Argentina faced rampant inflation that was consistently one of the highest rates in the world, fueled by economic instability, currency devaluation, and monetization of fiscal deficits. Price dynamics worsened over the years, with inflation soaring to over 200% in late 2023 and early 2024. The government of libertarian Javier Milei is attempting to rein in inflation by slashing government spending and controlling the currency's slide, and these measures are bearing fruit; the month-on-month change in prices was almost ten times lower in December 2024 than in December 2023.
Consumer price inflation averaged 38.8% in the ten years to 2022 in Argentina, significantly above the Latin America regional average of 8.4%. The 2022 average figure was 72.4%. For more inflation information, visit our dedicated page.
Argentina Inflation Chart
Note: This chart displays Inflation Rate (CPI, annual variation in %) for Argentina from 2019 to 2024.
Source: Macrobond.
Argentina Inflation Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Inflation (CPI, ann. var. %, aop) | 42.0 | 48.4 | 72.4 | 133.5 | 219.9 |
| Inflation (CPI, ann. var. %, eop) | 36.1 | 50.9 | 94.8 | 211.4 | 117.8 |
| Inflation (WPI, ann. var. %, eop) | 35.4 | 51.3 | 94.8 | 276.4 | 67.1 |
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Argentine inflation projections for the next ten years from a panel of 44 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable inflation forecast available for Argentine inflation.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Argentine inflation projections.
Want to get access to the full dataset of Argentine inflation forecasts? Send an email to info@focus-economics.com.
Latest Global Inflation News
-
France: Harmonized inflation rises in December -
Russia: Inflation shoots up in December Latest reading: Inflation jumped to 9.5% in December from November’s 8.9%, marking a near two-year high as sharp currency weakness... -
United States: Inflation comes in at highest level since July in December Latest reading: Inflation rose to 2.9% in December, following November’s 2.7%. December’s result marked the highest inflation rate since July... -
Argentina: Inflation drops to lowest level since July 2023 in December Inflation drops to lowest level since July 2023 in December Latest reading: Latest reading: Inflation dropped to 117.8% in December,... -
Brazil: Inflation falls in December Latest reading: Inflation edged down to 4.8% in December, following November’s 4.9%. The print was in line with market expectations,... -
France: Harmonized inflation rises in November Latest reading: Harmonized inflation inched up to 1.7% in November from October’s 1.6%, but remained notably below the Euro area... -
Russia: Inflation shoots up in November Latest reading: Inflation rose to 8.9% in November from October’s 8.5%, surprising markets on the upside. November’s figure moved further...