Argentina Inflation Slowed to Lowest Level Since Last August
Consumer prices rose 1.9% from May, below economist estimates, as annual inflation edged up to 33.5%, Indec said.
- Argentina's inflation slowed to 1.9% last month, the lowest level since August, marking three consecutive months of decelerating price increases in what officials called a 'victory' for President Javier Milei.
- Milei achieved this milestone following a sharp surge earlier this year caused by an Iran war-related energy shock that disrupted the economy and triggered price pressures.
- Core inflation reached 1.6%, with seasonal costs for vegetables and tourism rising ahead of Southern Hemisphere winter holidays, beating the 2% median estimate from Bloomberg economists.
- The slowing price increases follow recent rating upgrades from Fitch Ratings and Global Ratings, moving Argentina closer to regaining access to international capital markets.
- Economists surveyed by the Central Bank now forecast a 30% year-end inflation rate for 2026, down from 30.5% in previous expectations, suggesting sustained disinflation momentum.
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Argentina's inflation slows to 1.9% in June, lowest monthly rate in 10 months
Inflation in Argentina slowed for the third consecutive month in June, coming in at 1.9%, according to the National Institute of Statistics and Censuses (INDEC). It was the lowest monthly figure since August 2025 and the first time this year that the index dropped below the 2% threshold. Year-on-year, prices rose 33.5%, while the first-half cumulative figure reached 16.8%.
Argentina's inflation slowed for the third consecutive month and reached, in June, the lowest level since August last year, representing a victory for President Javier Milei after the high recorded in March, caused by the shock in the energy prices related to the war involving Iran. Consumer prices rose 1.9% in June in comparison with May, slightly below the median of 2% projected by economists consulted by Bloomberg. In the annual comparison, i…
After 9 months, inflation further drilled the 2 per cent floor and stood at 1.9 per cent in June 2026, according to the National Institute of Statistics and Statistics.
The items with the highest price increases were recreation and culture, as well as housing, basic rates and fuel, while communications, clothing and footwear recorded more moderate increases.
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