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 Monetary Base (ann. var. %) Data
|Monetary Base (ann. var. %)||21.8||40.7||34.5||30.3||47.9|