Inflation came in at 98.8% in January, up from December’s 94.8%, marking the highest inflation rate since our current records began. Inflation is expected to average notably higher this year than in 2022, as a depreciating peso and monetary financing of the fiscal deficit fuel price pressures. Volatile energy prices and fiscal largesse ahead of October’s elections are key risks.
Argentina 7-Day LELIQ Rate (%, eop) Data
| 2017 | 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|---|
| 7-Day LELIQ Rate (%, eop) | 28.75 | 59.25 | 55.00 | 38.00 | 38.00 |