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.

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.

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 July of 2025.

The annual average consumer price index in Argentina amounted to about 11.84 thousand points in 2024. Between 1997 and 2024, the index rose by approximately 11.81 thousand points, though the increase followed an uneven trajectory rather than a consistent upward trend. The index will steadily rise by around 13.20 thousand points over the period from 2024 to 2030, reflecting a clear upward trend.As defined by the International Monetary Fund, this indicator measures inflation on the basis of the average consumer price index. This index measure expresses a country's average level of prices based on a typical basket of consumer goods and services during a certain year. Typically a reference year exists for which a value of 100 had been assigned.

Inflation Expectations in Argentina decreased to 38.50 percent in June from 38.80 percent in May of 2025. This dataset provides - Argentina Inflation Expectations- actual values, historical data, forecast, chart, statistics, economic calendar and news.

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.

AR: Inflation: GDP Deflator: Linked Series data was reported at 135.369 % in 2023. This records an increase from the previous number of 69.876 % for 2022. AR: Inflation: GDP Deflator: Linked Series data is updated yearly, averaging 21.615 % from Dec 1990 (Median) to 2023, with 34 observations. The data reached an all-time high of 2,078.317 % in 1990 and a record low of -3.561 % in 1993. AR: Inflation: GDP Deflator: Linked Series 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. This series has been linked to produce a consistent time series to counteract breaks in series over time due to changes in base years, source data and methodologies. Thus, it may not be comparable with other national accounts series in the database for historical years.;World Bank staff estimates based on World Bank national accounts data archives, OECD National Accounts, and the IMF WEO database.;;

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.

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.

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 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.

Argentina AR: Real Interest Rate data was reported at -16.227 % pa in 2023. This records a decrease from the previous number of -10.074 % pa for 2022. Argentina AR: Real Interest Rate data is updated yearly, averaging -7.321 % pa from Dec 2010 (Median) to 2023, with 14 observations. The data reached an all-time high of 12.104 % pa in 2019 and a record low of -16.227 % pa in 2023. Argentina AR: Real Interest Rate 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: Interest Rates. Real interest rate is the lending interest rate adjusted for inflation as measured by the GDP deflator. The terms and conditions attached to lending rates differ by country, however, limiting their comparability.;International Monetary Fund, International Financial Statistics and data files using World Bank data on the GDP deflator.;;

In 2023 and through 2024, the world saw inflation rates increase amid, among other things, post-COVID-19 effects and the Russia-Ukraine war. Argentina and Turkey were both plagued by hyperinflation, with over *** and ** percent in 2024, respectively. Except for these, Russia had the highest inflation rate, at nearly ***** percent. On the other hand, China had the lowest rate of the countries included here, at *** percent. Argentinian inflation crisis During the *****, Argentina was struck by extreme levels of inflation, which severely impacted the livelihoods of Argentinians. Specifically, the costs of goods have presented numerous challenges to Argentinian consumers. In Argentina, a basic food basket that costs around ****** Argentinian pesos cost over 100,000 by February 2024. Similarly, a basic consumer goods basket that cost around ****** Argentinian pesos in February 2023 rose to over ******* by February 2024. While these rising costs have been challenging for consumers, Argentina’s inflation rate is expected to decrease beginning in 2024 and is estimated to reach ***% by 2029.

British recession Besides the outliers of Argentina and Turkey, the United Kingdom had a comparatively high CPI rate. As of 2024, the British economy has entered a recession, the only G7 country to do so. Just before the general election held in July 2024, British voters indicated that health, mostly the lack of financial support and staff shortages, as well as the economy was the most important issue to them.

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.

In May 2025, the inflation rate of alcoholic beverages and tobacco increased by **** compared to the same month of the previous year. Inflation in Argentina For decades now, Argentina has struggled with one of the highest inflation rates in Latin America and the Caribbean. It is seen as the biggest problem in the country, and its impacts are felt in every aspect of life, including communications, housing, water, electricity, and gas, health services, transport, and food and beverages. Food inflation In August 2024, the Consumer Price Index (CPI) for food and non-alcoholic beverages in Argentina reached *****, the highest level in recent history, and over 237 percent higher than a year before. Despite this being a national problem, not all regions are affected the same way, and this increase has been felt most strongly in the Patagonia region. The lowest inflation rate, while still high, was recorded in the Northeast.

In March 2025, the inflation rate of alcoholic beverages and tobacco increased by 47 percent compared to the same month of the previous year. Inflation in Argentina For decades now, Argentina has struggled with one of the highest inflation rates in Latin America and the Caribbean. It is seen as the biggest problem in the country, and its impacts are felt in every aspect of life, including communications, housing, water, electricity, and gas, health services, transport, and food and beverages. Food inflation In August 2024, the Consumer Price Index (CPI) for food and non-alcoholic beverages in Argentina reached 7,611, the highest level in recent history, and over 237 percent higher than a year before. Despite this being a national problem, not all regions are affected the same way, and this increase has been felt most strongly in the Patagonia region. The lowest inflation rate, while still high, was recorded in the Northeast.