Average inflation in Argentina

INDEC · Mensual · Importance 75

IMF forecast (WEO): 2026: 30.4% 2027: 15.7% 2028: 9.6% 2029: 7.5% 2030: 7.5% 2031: 7.5%

2.1% (Jul-26) MOM · % · Mensual · CSV

Period	%
Jul 2026	2.1%
Jun 2026	1.9%
May 2026	2.1%
Apr 2026	2.6%
Mar 2026	3.4%
Feb 2026	2.9%
Jan 2026	2.9%
Dec 2025	2.8%
Nov 2025	2.5%
Oct 2025	2.3%
Sep 2025	2.1%
Aug 2025	1.9%
Jul 2025	1.9%
Jun 2025	1.6%
May 2025	1.5%
Apr 2025	2.8%
Mar 2025	3.7%
Feb 2025	2.4%
Jan 2025	2.2%
Dec 2024	2.7%
Nov 2024	2.4%
Oct 2024	2.7%
Sep 2024	3.5%
Aug 2024	4.2%
Jul 2024	4.0%
Jun 2024	4.6%
May 2024	4.2%
Apr 2024	8.8%
Mar 2024	11.0%
Feb 2024	13.2%
Jan 2024	20.6%
Dec 2023	25.5%
Nov 2023	12.8%
Oct 2023	8.3%
Sep 2023	12.7%
Aug 2023	12.4%
Jul 2023	6.3%
Jun 2023	6.0%
May 2023	7.8%
Apr 2023	8.4%
Mar 2023	7.7%
Feb 2023	6.6%
Jan 2023	6.0%
Dec 2022	5.1%
Nov 2022	4.9%
Oct 2022	6.3%
Sep 2022	6.2%
Aug 2022	7.0%
Jul 2022	7.4%
Jun 2022	5.3%
May 2022	5.1%
Apr 2022	6.0%
Mar 2022	6.7%
Feb 2022	4.7%
Jan 2022	3.9%
Dec 2021	3.8%
Nov 2021	2.5%
Oct 2021	3.5%
Sep 2021	3.5%
Aug 2021	2.5%

Period	%
Jul 2026	33.8%
Jun 2026	33.5%
May 2026	33.2%
Apr 2026	32.4%
Mar 2026	32.6%
Feb 2026	33.1%
Jan 2026	32.4%
Dec 2025	31.5%
Nov 2025	31.4%
Oct 2025	31.3%
Sep 2025	31.8%
Aug 2025	33.6%
Jul 2025	36.6%
Jun 2025	39.4%
May 2025	43.5%
Apr 2025	47.3%
Mar 2025	55.9%
Feb 2025	66.9%
Jan 2025	84.5%
Dec 2024	117.8%
Nov 2024	166.0%
Oct 2024	193.0%
Sep 2024	209.0%
Aug 2024	236.7%
Jul 2024	263.4%
Jun 2024	271.5%
May 2024	276.4%
Apr 2024	289.4%
Mar 2024	287.9%
Feb 2024	276.2%
Jan 2024	254.2%
Dec 2023	211.4%
Nov 2023	160.9%
Oct 2023	142.7%
Sep 2023	138.3%
Aug 2023	124.4%
Jul 2023	113.4%
Jun 2023	115.6%
May 2023	114.2%
Apr 2023	108.8%
Mar 2023	104.3%
Feb 2023	102.5%
Jan 2023	98.8%
Dec 2022	94.8%
Nov 2022	92.4%
Oct 2022	88.0%
Sep 2022	83.0%
Aug 2022	78.5%
Jul 2022	71.0%
Jun 2022	64.0%
May 2022	60.7%
Apr 2022	58.0%
Mar 2022	55.1%
Feb 2022	52.3%
Jan 2022	50.7%
Dec 2021	50.9%
Nov 2021	51.2%
Oct 2021	52.1%
Sep 2021	52.5%
Aug 2021	51.4%

Period	indice
Jul 2026	12,076.4
Jun 2026	11,826.4
May 2026	11,607.4
Apr 2026	11,363.1
Mar 2026	11,077.1
Feb 2026	10,714.6
Jan 2026	10,413.0
Dec 2025	10,121.4
Nov 2025	9,841.4
Oct 2025	9,603.9
Sep 2025	9,384.1
Aug 2025	9,193.2
Jul 2025	9,024.0
Jun 2025	8,855.6
May 2025	8,714.5
Apr 2025	8,585.6
Mar 2025	8,353.3
Feb 2025	8,053.0
Jan 2025	7,864.1
Dec 2024	7,694.0
Nov 2024	7,491.4
Oct 2024	7,314.0
Sep 2024	7,122.2
Aug 2024	6,883.4
Jul 2024	6,607.7
Jun 2024	6,351.7
May 2024	6,073.7
Apr 2024	5,830.2
Mar 2024	5,357.1
Feb 2024	4,825.8
Jan 2024	4,261.5
Dec 2023	3,533.2
Nov 2023	2,816.1
Oct 2023	2,496.3
Sep 2023	2,304.9
Aug 2023	2,044.3
Jul 2023	1,818.1
Jun 2023	1,709.6
May 2023	1,613.6
Apr 2023	1,497.2
Mar 2023	1,381.2
Feb 2023	1,282.7
Jan 2023	1,203.0
Dec 2022	1,134.6
Nov 2022	1,079.3
Oct 2022	1,028.7
Sep 2022	967.3
Aug 2022	911.1
Jul 2022	851.8
Jun 2022	793.0
May 2022	753.1
Apr 2022	716.9
Mar 2022	676.1
Feb 2022	633.4
Jan 2022	605.0
Dec 2021	582.5
Nov 2021	560.9
Oct 2021	547.1
Sep 2021	528.5
Aug 2021	510.4

About this indicator

Source	INDEC
Frequency	Mensual
Release	En torno a mediados del mes siguiente al periodo de referencia (suele haber un dato preliminar y otro definitivo).
What it is	Argentina's average annual inflation: the change over the year in the prices of a representative basket of goods and services bought by households, measured by the consumer price index (CPI) compiled by INDEC. It reflects the loss of purchasing power in a country with a history of very high inflation.
How it's calculated	INDEC regularly surveys the prices of a broad basket of products across the country and computes an index weighted by household spending. The monthly CPI yields the year-on-year rate, and average annual inflation summarises how prices evolved over the year.
Market implications	Inflation is Argentina's most closely watched macroeconomic variable and drives the Central Bank's (BCRA) policy, the peso's exchange rate, wages and contracts. A worse-than-expected print deepens depreciation expectations and erodes purchasing power, while a slowdown signals stabilisation.
Limitations	The series has suffered methodological breaks and past credibility concerns (the intervention of INDEC), which complicates historical comparisons. Under very high inflation, relative prices shift quickly and the basket can become outdated between revisions.