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.

The average inflation rate in Argentina stood at approximately 219.89 percent in 2024. Between 1998 and 2024, the inflation rose by around 218.96 percentage points, though the increase followed an uneven trajectory rather than a consistent upward trend. The inflation is forecast to decline by about 212.39 percentage points from 2024 to 2030, fluctuating as it trends downward.This indicator measures inflation based upon the year-on-year change in the average consumer price index, expressed in percent. The latter expresses a country's average level of prices based on a typical basket of consumer goods and services.

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

Inflation Expectations in Argentina decreased to 38.80 percent in May from 41.30 percent in April of 2025. This dataset provides - Argentina Inflation Expectations- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Inflation, consumer prices (annual %) in Argentina was reported at 53.55 % in 2019, according to the World Bank collection of development indicators, compiled from officially recognized sources. Argentina - Inflation, consumer prices (annual %) - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

Argentina: Inflation forecast: The latest value from 2030 is 7.5 percent, unchanged from 7.5 percent in 2029. In comparison, the world average is 3.65 percent, based on data from 182 countries. Historically, the average for Argentina from 1998 to 2030 is 27.69 percent. The minimum value, -1.81 percent, was reached in 1999 while the maximum of 211.41 percent was recorded in 2023.

Inflation, GDP deflator: linked series (annual %) in Argentina was reported at 135 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Argentina - Inflation, GDP deflator: linked series (annual %) - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

In 2022, there has been a constant increase in the year-over-year inflation rate in Argentina, which got its lowest value in January with a 50.7 percentage. On the contrast, the highest recorded value was in December with 94.8. Thus having an 86 share increase approximately from the base.

Graph and download economic data for Inflation, consumer prices for Argentina (FPCPITOTLZGARG) from 2018 to 2019 about Argentina, consumer, CPI, inflation, price index, indexes, and price.

Argentina AR: Inflation:(GDP) Gross Domestic ProductDeflator data was reported at 135.369 % in 2023. This records an increase from the previous number of 69.876 % for 2022. Argentina AR: Inflation:(GDP) Gross Domestic ProductDeflator data is updated yearly, averaging 28.872 % from Dec 1961 (Median) to 2023, with 63 observations. The data reached an all-time high of 3,046.091 % in 1989 and a record low of -3.561 % in 1993. Argentina AR: Inflation:(GDP) Gross Domestic ProductDeflator data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Argentina – Table AR.World Bank.WDI: Inflation. Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency.;World Bank national accounts data, and OECD National Accounts data files.;Median;

Producer Price Inflation MoM in Argentina decreased to -0.20 percent in May from 2.50 percent in April of 2025. This dataset includes a chart with historical data for Argentina Producer Price Inflation Mom.

Core consumer prices in Argentina increased 44.70 percent in May of 2025 over the same month in the previous year. This dataset provides - Argentina Core Inflation Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Central Bank of Argentina: Inflation Target data was reported at 5.000 % in 2020. This records a decrease from the previous number of 10.000 % for 2019. Central Bank of Argentina: Inflation Target data is updated yearly, averaging 10.000 % from Dec 2018 (Median) to 2020, with 3 observations. The data reached an all-time high of 15.000 % in 2018 and a record low of 5.000 % in 2020. Central Bank of Argentina: Inflation Target data remains active status in CEIC and is reported by Central Bank of Argentina. The data is categorized under Global Database’s Argentina – Table AR.I001: Consumer Price Index: Inflation Target.

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.

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</ul>Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.

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...

Graph and download economic data for Consumer Price Index: All Items: Total for Argentina (ARGCPALTT01IXNBM) from Dec 2016 to Nov 2023 about Argentina, all items, CPI, price index, indexes, and price.