*Argentina’s national statistics institute (Indec) has released the latest figures for its consumer price index (IPC), which put monthly inflation in December at 2.8% and annual inflation at 31.5%. Both rates saw a slight increase from the previous month, with monthly inflation up from 2.5%
in November and the annual rate up from 31.4%. This is the fourth consecutive month of rises in monthly inflation, and represents the second-highest monthly inflation rate of 2025, behind March (+3.7%) and equal to April. Of the 12 categories of products and services measured by Indec, the categories with the highest monthly price increases in November were transport (+4.0%), housing, water, electricity, gas, and other fuels (+3.4%), and telecommunications (+3.3%). The smallest price rise was in education (+0.4%). Argentina’s Economy Minister
Luis Caputo hailed the
“extraordinary achievement” on social media, highlighting that the annual rate was at its lowest in eight years. This is the second year of decreases in the annual rate, with annual inflation decreasing from 211.4%
in December 2023 to 117.8%
in December 2024. Caputo stated that it was
“increasingly evident” that President
Javier Milei’s
“stabilisation programme based on fiscal surplus, strict control of the money supply, and capitalisation of the BCRA [central bank]” is the
“only viable path to definitely eradicate inflation and make Argentina great again.”End of preview - This article contains approximately 228 words.
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