Argentina Monthly Inflation Rises in July to 2.1%
Prices rose 19.3% in the first seven months of the year as higher services and recreation costs pushed inflation back above 2%.
- On Thursday, INDEC reported Argentina's monthly inflation rate accelerated to 2.1 percent in July, ending a three-month slowdown, while the 12-month figure reached 33.8 percent, up from June's 33.5 percent.
- Seasonal factors including winter holiday packages and rising service costs drove the rebound, with recreation and culture recording the largest monthly hike at five percent, exceeding analyst expectations of two percent.
- Data from the Buenos Aires City government reported a 2.9 percent monthly increase earlier this week, propelled by a 3.8-percent hike in services, while clothing and footwear prices dropped 1.3 percent.
- Economist Fabián Quintá warned that households facing rising essential costs for electricity, gas, and transport are cutting discretionary spending, as business cost hikes eventually pass to consumers through higher prices.
- President Javier Milei previously promised monthly inflation would reach "a zero" by August 2026, but the Central Bank projects annual inflation will end the year at 29.8 percent, with economic growth of 2.7 percent.
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The promises of Milei and Caputo clash with the Argentine reality. According to Indec, the CPI accumulates an increase of 19.3% so far this year and an annual variation of 33.8%.
After three months of deceleration, the indicator rises in July 2.1%, to 33.8% year-on-year
Monthly inflation in Argentina reached a level of 2.1% in July, interrupting a sequence of three consecutive months of deceleration, reported the National Institute of Statistics and Censuses (Indic) on Thursday (13). Meanwhile, the Consumer Price Index (CPI) in the cumulative of the last 12 months until July reached 33.8%. Already in the cumulative of 2026, the result was 19.3%. Last month, the index was below 2% for the first time in ten month…
The National Institute of Statistics and Censuses (INDEC) reported that the July 2026 inflation rate was 2.1 per cent, breaking the downward trend in inflation.
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