Inflation Rate in Argentina decreased to 43.50 percent in May from 47.30 percent in April of 2025. This dataset provides the latest reported value for - Argentina Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The Consumer Price Index gauges the price changes in a basket of goods and services in a defined time period. In Argentina, the CPI in April 2024 was 289 percent higher than the one registered the same month of the previous year, with this figure being the largest monthly inflation rate since, at least, the beginning of 2018. The Argentinian inflation rate has been experiencing a steep increase from December 2020 onwards, when the decreasing trend witnessed since December 2019 came to an end. Long history of inflation in Latin America High inflation rates are nothing new in Latin America. In 2023, the region's inflation rate was 14.41 percent, while the global average was much lower at 6.78 percent. Nonetheless, the main drivers of this are Venezuela and Argentina, both being in the upper table of countries with the highest inflation rates in the world. During the last few years, Venezuela entered a period with five-digits inflation rates, having to issue a new currency and implementing new policies to control price increases.

A history of hyperinflation During the last couple of years, inflation has been a constant among the main problems the Argentine society faces. The country returned to a three-digit inflation rate with former president Alberto Fernández, and the constant price increases took a toll on households across the board. Nevertheless, the problem is far from a recent one or the worst it's ever been, in 1989 and 1990, the inflation rate was over 2,000 percent, reaching for the status of hyperinflation. Commonly, hyperinflation is defined as price increases with over 50 percent per month.

The Consumer Price Index in Argentina increased 1.50 percent in May of 2025 over the previous month. This dataset provides the latest reported value for - Argentina Inflation Rate MoM - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Inflation in Argentina was 54 percent in 2019, before falling to 42 percent in 2020. Despite Argentina's fluctuating economic instability over the twentieth century, the largest factor in its current economic status is the legacy of poor fiscal discipline left by the economic depression from 1998 to 2002. Although data is not available from 2014 to 2016, Argentina's inflation rate has been among the highest in the world for the past five years.

What causes inflation?

Inflation is a rise in price levels for all goods. Major causes of inflation include an increase in money supply, low central bank interest rates, and expectation of inflation. In a country such as Argentina, the expectation can be one of the biggest obstacles. People expect inflation to be high and demand increasing wages, and firms continue raising prices because they expect the costs of inputs to increase. Banks follow suit, charging high interest rates on fixed deposits.

Effects of inflation

Inflation negatively affects savers. 100 Argentinian pesos in 2018 was worth just under 75 pesos in 2019, after adjusting for the 34 percent inflation rate. Similarly, frequently changing prices has its own inherent cost, called “menu cost” after the price of printing new menus. Inflation will also have a positive effect on national debt when that debt is denominated in Argentinian pesos, because the pesos will be cheaper when the loan matures. However, the majority of Argentina’s debts are in foreign currency, which means that inflation will make these debts larger in peso terms.

Inflation, monthly percent change in the CPI in Argentina, May, 2025 The most recent value is 1.5 percent as of May 2025, a decline compared to the previous value of 2.8 percent. Historically, the average for Argentina from January 2017 to May 2025 is 4.58 percent. The minimum of 1.2 percent was recorded in November 2017, while the maximum of 25.5 percent was reached in December 2023. | TheGlobalEconomy.com

Key information about Argentina Consumer Price Index CPI growth

• Argentina Consumer Price Index (CPI) growth was measured at 84.5 % YoY in Jan 2025, compared with a rate of 117.8 % in the previous month.
• Argentina Consumer Price Index growth data is updated monthly, available from Dec 2017 to Jan 2025, with an averaged number of 53.2 % YoY.
• The data reached an all-time high of 289.4 % YoY in Apr 2024 and a record low of 24.8 % YoY in Dec 2017.

CEIC calculates Consumer Price Index Growth from monthly Consumer Price Index. The National Institute of Statistics and Censuses provides Consumer Price Index with base December 2016=100. [COVID-19-IMPACT]

Graph and download economic data for Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for Argentina (ARGCPALTT01GYM) from Dec 2017 to Mar 2025 about Argentina, all items, CPI, price index, indexes, and price.

The latest inflation rate, i.e. the percent change in the CPI from a year ago to now, in Argentine was 43.48 pour cent. That number was released in . It shows a decrease from the inflation rate in the previous month when it stood at 47.3 pour cent. Compared to a year ago, we see a decrease from...

In December 2024, the region in Argentina with the highest annual change in the Consumer Price Index (CPI) was the Patagonia area with ***** index points, which means that in around a year.

Cost of food in Argentina increased 35.50 percent in May of 2025 over the same month in the previous year. This dataset provides - Argentina Food Inflation- actual values, historical data, forecast, chart, statistics, economic calendar and news.

In May 2025, the region with the highest Consumer Price Index (CPI) for coffee, tea, yerba mate, and cacao was Patagonia, with a CPI of 9,826. In contrast, a year earlier, the CPI of meat in that region amounted to 8,239.

In May 2025, the region with the highest meat Consumer Price Index (CPI) was the Greater Buenos Aires, with a CPI of 10,005. In contrast, a year earlier, the CPI of meat in that region amounted to 6,471.

Consumer Price Index CPI in Argentina increased to 8714.49 points in May from 8585.61 points in April of 2025. This dataset provides the latest reported value for - Argentina Consumer Price Index (CPI) - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

In August 2024, the global consumer price index, excluding the United States, stood at 187.7, compared to 160.1 for the U.S. The data for the world and emerging economies are distorted by hyperinflation in Venezuela and may not accurately reflect the inflation rate of other countries. However, Russia's war in Ukraine caused a surge in prices globally through 2022 and 2023. The headline consumer price index tracks the changes in the price level of a basket of goods and services purchased by households. Economic challenges in Argentina While CPI increases have been significant globally, certain economies have experienced more dramatic increases than others. Argentina is a notable case of these increases, as the CPI has increased more than 100 percent between 2020 and 2023. Currently, most of the Argentinian public considers inflation and low wages to be the biggest challenges facing the country. Consumer responses to price increases Globally, consumers are coping with price increases in many ways. In a May 2023 survey, 68 percent respondents from over 14 countries indicated they were more conscious about prices than previously. In another survey from earlier that year, over 40 percent of respondents indicated they were most concerned about inflation and had changed their consumption habits as a result.

2022 and 2023 saw inflation rates rise all over the world, especially spurred by effects of the COVID-19 pandemic and Russia's invasion of Ukraine. With its hyperinflation, ********* was predicted to have the highest inflation rate of the countries included here both in 2023, 2024, and 2025. On the other hand, ******* inflation rate was estimated to only reach *** percent in 2024.

The Gross Domestic Product per capita in Argentina was last recorded at 12667.03 US dollars in 2024. The GDP per Capita in Argentina is equivalent to 100 percent of the world's average. This dataset provides - Argentina GDP per capita - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The USD/ARS exchange rate rose to 1,236.9949 on July 4, 2025, up 0.47% from the previous session. Over the past month, the Argentinean Peso has weakened 4.15%, and is down by 35.12% over the last 12 months. Argentinean Peso - values, historical data, forecasts and news - updated on July of 2025.

In December 2024, the average consumer price index (CPI) for food in Latin America and the Caribbean amounted to ******** points. In contrast, a year earlier, this value was of ******. This represents an increase of over ** percent. That month, the countries with the highest food CPI included Venezuela and Argentina. The countries with some of the lowest food price inflation included Panama and Ecuador.

Unemployment Rate in Argentina increased to 7.90 percent in the first quarter of 2025 from 6.40 percent in the fourth quarter of 2024. This dataset provides - Argentina Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Wages in Argentina increased 2.30 percent in January of 2025 over the same month in the previous year. This dataset provides - Argentina Wage Growth- actual values, historical data, forecast, chart, statistics, economic calendar and news.