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Inflation in Argentina

Economic Outlook - Inflation in Argentina

Consumer Price Index

July 2nd, 2025

December 2025 Inflation

Argentina's inflation for 2025 closed at approximately 31.1% year-over-year, showing a significant deceleration in the general price level. With a 2.6% inflation rate in December 2025, the trend is expected to continue slowing down in the coming months.

In annual terms, we observe a continuation of the disinflation process that took place throughout the year. This performance marks a turning point compared to previous years and consolidates signals of greater macroeconomic stability, in line with the implemented monetary policy. Although heterogeneous increases were recorded across different sectors, price hikes were not widespread, and several key components of the consumer basket grew below the average.

When analyzing the impact and internal dynamics of specific categories, it is observed that the inflationary impact was concentrated in a limited set of areas. Meanwhile, a large portion of basic and consumer goods—especially relevant for lower-income households—showed increases below the general level, moderating the effect on purchasing power. In parallel, December's inflation coexisted with clear signs of a recovery in consumption, particularly in durable goods, which began a steady recovery following the contraction recorded in 2024.

2.6 %

Monthly Inflation

  • 31.1 %

    Cumulative Inflation

  • 31.1 %

    Annual Inflation

View previous indices

Dollar value and economic activity in Argentina. Forecasts and analysis of the foreign exchange market, the economy, and government policies.

Agustín Etchebarne

Aldo Abram

“In 2026, we will be back below 2% inflation, and likely below 1%.” VIDEO

PERFIL In a dialogue with Canal E, economist Aldo Abram evaluated the government's new monetary framework and explained why, in his view, the market is misinterpreting the mechanics of the exchange rate bands.
For Abram, one of the central points lies not so much in the dollar bands, but in the reserve accumulation policy. “The most important aspect of the entire newly launched monetary policy framework is the matter of reserve purchases”, he stated, warning that “certain false expectations” were generated regarding the movement of the exchange rate.

Watch the interview

Inflation Index Over Time

IPC LyP Reports - Argentine Inflation 2025

December 2025 Monthly Inflation 2.6%

Annual Cumulative 31.1% - 2025 Cumulative 31.1%

November 2025 Monthly Inflation 2.3%

Annual Cumulative 31.2% - 2025 Cumulative 27.7%

October 2025 Monthly Inflation 2.4%

Annual Cumulative 31.4% - 2025 Cumulative 24.9%

September 2025 Monthly Inflation 2.4%

Annual Cumulative 32.2% - 2025 Cumulative 22.4%

August 2025 Monthly Inflation 2%

Annual Cumulative 33.7% - 2025 Cumulative 19.6%

July 2025 Monthly Inflation 1.9%

Annual Cumulative 36.5% - 2025 Cumulative 17.3%

June 2025 Monthly Inflation 2%

Annual Cumulative 39.9% - 2025 Cumulative 15.5%

May 2025 Monthly Inflation 1.8%

Annual Cumulative 44% - 2025 Cumulative 13.6%

April 2025 Monthly Inflation 3.1%

Annual Cumulative 47.7% - 2025 Cumulative 11.9%

March 2025 Monthly Inflation 2.4%

Annual Cumulative 53.9% - 2025 Cumulative 7.2%

February 2025 Monthly Inflation 2.3%

Annual Cumulative 66.7% - 2025 Cumulative 4.6%

January 2025 Monthly Inflation 2.0%

Annual Cumulative 84.3% - 2025 Cumulative 2.0%

IPC LyP Reports - Argentine Inflation 2024

December 2024 Monthly Inflation 2.5% Annual Cumulative 117.3% – 2024 Cumulative 117.3%
November 2024 Monthly Inflation 2.9% Annual Cumulative 167.3% – 2024 Cumulative 113%
October 2024 Monthly Inflation 2.7% Annual Cumulative 192.7% – 2024 Cumulative 107%
September 2024 Monthly Inflation 3.2%

Annual Cumulative 208.3% – 2024 Cumulative 101.1%

August 2024 Monthly Inflation 4.4%

Annual Cumulative 237.5% – 2024 Cumulative 95.3%

July 2024 Monthly Inflation 3.8% Annual Cumulative 262.8% – 2024 Cumulative 86.7%
June 2024 Monthly Inflation 5.4% Annual Cumulative 274.4% – 2024 Cumulative 81.2%
May 2024 Monthly Inflation 4.3% Annual Cumulative 276.9% – 2024 Cumulative 72.1%
April 2024 Monthly Inflation 8.4% Annual Cumulative 287.8% – 2024 Cumulative 64.4%
March 2024 Monthly Inflation 10.6% Annual Cumulative 286.4% – 2024 Cumulative 51.1%
February 2024 Monthly Inflation 16.8% Annual Cumulative 288% – 2024 Cumulative 40.9%
January 2024 Monthly Inflation 19.4% Annual Cumulative 250.7% – 2024 Cumulative 19.4%

What is inflation?

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Foundation Research

Research Papers

Indices and reports by the foundation’s team

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  • History and Causes of Inflation in Argentina

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  • Failures of Welfare Policies in Reducing Poverty

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Institutional Quality

Institutional Quality

and Quality of Life Indices

The Institutional Quality Index (IQI) is a tool that cross-references eight indicators from international organizations to assign a score to 216 countries. A higher score reflects better institutional quality, which results in greater security for the protection of its inhabitants' rights.
The IQI is an indicator of the Liberal Network for Latin America (RELIAL) and has been prepared annually since 2007 by Martín Krause (Ph.D. in Administration and Professor of Economics at the University of Buenos Aires) in collaboration with the Libertad y Progreso Foundation, though available measurements date back to 1996. It averages a series of international indicators such as the Rule of Law, government accountability, perceptions of corruption, economic freedom, and the ease of doing business within each country.

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  • 2025

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  • 2024

    2024 Institutional Quality Index

  • 2023

    2023 Institutional Quality Index

  • 2022

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    2021 Institutional Quality Index

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    2020 Institutional Quality Index

  • 2019

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  • 2018

    2018 Institutional Quality Index

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  • 2010

    2010 Institutional Quality Index

  • 2009

    2009 Institutional Quality Index

  • 2008

    2008 Institutional Quality Index

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