Argentina's inflation was higher than expected in March, unwelcome news for President Milei

Argentina's inflation was higher than expected in March, unwelcome news for President Milei

Argentina's statistics agency says that monthly inflation has accelerated to its fastest pace in seven months, with consumer prices up 3.7% from the month before mainly as a result of rising food prices

Inflation rose in Argentina: the Consumer Price Index (CPI) measured by the National Institute of Statistics and Censuses (INDEC) had an acceleration of 3.7 per cent in March. READ ALSO: In this sense, in the first three months of the year, inflation was 8.6 per cent, while year-on-year inflation reached 55.9 per cent. The largest increase in the month was Education (21.6 per cent), with increases at all educational levels at the beginning of th…

Argentina: Inflation in March hits 3.7%

Argentina's Consumer Price Index (CPI) for the month of March reached 3.7%, the National Institute of Statistics and Census (Indec) reported Friday. These figures marked a sharp increase from February's 2.4% and January's 2.2%. The rise was driven primarily by higher food prices, particularly meat and vegetables, with public services also playing a role. Internannual inflation stood at 66.9% and 4.7% so far in 2025.

The process of deinflation, key to the government in an election year, was temporarily stalled. In a context of market volatility – and “free” dollars – for the final tranche of the agreement with the International Monetary Fund (IMF), prices accelerated in March and the CPI increased by 3.7%. In January, the price increase had been 2.2% after a rising December (2.7%) and in February, with a slight acceleration of 2.4%. To find a higher variatio…

The National Institute of Statistics and Censuses (INDEC) reported that March inflation reached 3.7 per cent, surpassing market expectations and marking the highest monthly record since September 2024. This data surprised analysts and the Government of Javier Milei, who projected a figure close to 2.6 per cent. With this result, the inflation accumulated in the first quarter of the year is 8.6 per cent, and the year-on-year rate is 55.9 per cent…

Inflation in March was 3.7 per cent and marked a strong acceleration when compared with the data in January and February, which were 2.2 per cent and 2.4 per cent, respectively. According to official data from the National Institute of Statistics and Censuses (Indec), the first quarter of the year accumulated a price increase of 8.6 per cent. In March, the highest increase was Education, with an increase of 21.6 per cent driven, mainly, by the r…