Inflation Rate in Argentina decreased to 39.40 percent in June from 43.50 percent in May 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.

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 Consumer Price Index in Argentina increased 1.60 percent in June 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.

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.

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.;;

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.

In May 2025, the inflation rate of food and non-alcoholic beverages in Argentina was felt most strongly in the Patagonia region, where the inflation rate increased by 42 percent compared to the same month of the previous year. Compared to the other regions, the Northwest had the lowest inflation rate, with a 35.1 percent increase compared to May 2024.

The Consumer Price Index gauges the price changes in a basket of goods and services in a defined time period. During August 2024, the product category with the highest Consumer Price Index (CPI) increase compared with the previous month in Argentina was household, water, electricity, gas and other fuels with a ***** percent increase. Followed by education with a *** percent increase. Nonetheless, when compared with the previous year, communications registered the highest price increase with over *** percent year-over-year. The expectation of inflation Despite Argentina’s efforts to reduce inflation, the country ranks in the top three Latin American countries with the highest rate, only with a lower figure than Venezuela and Suriname. The situation is not a recent one, the inflation rate has been reaching double digits every year since 2012, reaching over ** percent in 2019, making the constant rising prices nothing out of the ordinary for Argentinian families. The expectation of inflation is one of the main causes of inflation with low central bank interest-rates and increases in the money supply, which helps to explain the chronic inflation of the country. Both firms and people expect inflation in their lives, workers demand increasing wages to coop with inflation, while companies increase prices of goods and services because they expect production costs to grow, creating a vicious circle in the economy. Inflation and poverty Inflation negatively affects consumers and savers alike. For the latter, 100 Argentinian pesos in 2020 was worth just under ** pesos in 2021, after adjusting for the ***** percent inflation rate. For the consumers, rising prices of the basic products increase the vulnerability of the population. In January 2023, the value of the basic food basket, which establishes the extreme poverty line, stood at ****** pesos, more than ten times higher than during the same month in 2018. Between the first half of 2018 and the first half of 2022, the share of households under the poverty line increased by over * percentage points reaching **** percent.

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.

Cost of food in Argentina increased 32.30 percent in June 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 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.

Argentina AR: GDP: USD: Gross National Income per Capita: Atlas Method data was reported at 12,890.000 USD in 2023. This records an increase from the previous number of 11,820.000 USD for 2022. Argentina AR: GDP: USD: Gross National Income per Capita: Atlas Method data is updated yearly, averaging 3,935.000 USD from Dec 1964 (Median) to 2023, with 60 observations. The data reached an all-time high of 13,070.000 USD in 2017 and a record low of 1,120.000 USD in 1964. Argentina AR: GDP: USD: Gross National Income per Capita: Atlas Method 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: Gross Domestic Product: Nominal. GNI per capita (formerly GNP per capita) is the gross national income, converted to U.S. dollars using the World Bank Atlas method, divided by the midyear population. GNI is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. GNI, calculated in national currency, is usually converted to U.S. dollars at official exchange rates for comparisons across economies, although an alternative rate is used when the official exchange rate is judged to diverge by an exceptionally large margin from the rate actually applied in international transactions. To smooth fluctuations in prices and exchange rates, a special Atlas method of conversion is used by the World Bank. This applies a conversion factor that averages the exchange rate for a given year and the two preceding years, adjusted for differences in rates of inflation between the country, and through 2000, the G-5 countries (France, Germany, Japan, the United Kingdom, and the United States). From 2001, these countries include the Euro area, Japan, the United Kingdom, and the United States.;World Bank national accounts data, and OECD National Accounts data files.;Weighted average;

This dataset provides values for INFLATION RATE reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

In August 2024, the global consumer price index, excluding the United States, stood at *****, compared to ***** 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 *** 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, ** percent respondents from over 14 countries indicated they were more conscious about prices than previously. In another survey from earlier that year, over ** percent of respondents indicated they were most concerned about inflation and had changed their consumption habits as a result.

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.

The study presents an overview on Argentina's economic growth, income distribution, and poverty, mostly as of 1991, when the country underwent a period of adjustment, which remarkably led to a sharp inflation drop, to the privatization of state-owned industries, and to fostering foreign commerce, thus widening the economy. Nonetheless, the study points out that all of these adjustments affected the poor, particularly through labor demand, exacerbated by the slowdown of the growth process, resulting from the economic crises of 1995, and 1998. Recommendations include macroeconomic, and reform policies to allow rapid growth, and stabilize the economy, without inflation, for a substantial poverty reduction. The elimination of centralized, collective bargaining labor agreements, reduction of labor taxes, and severance payments, would prod a funded, unemployment insurance system, based on individual accounts, and thus, reduce the high cost of labor. Temporary employment, and extended programs should not be enforced under payroll taxes, to allow exceptions for small scale enterprise development. Accessibility of the poor to basic services should be enhanced, mainly through greater investments in education, and health care services. In addition, a strong system of safety nets is recommended, through the identification of expanding programs, to also provide emergency employment, and income during potential crises.

Argentina: Inflação: variação percentual no Índice de Preços ao Consumidor: Para este indicador, fornecemos dados para Argentina de a . O valor médio por Argentina durante este período foi por cento com o mínimo de por cento em e o máximo de por cento em . Os dados mais recentes de são por cento. Para efeito de comparação, a média mundial em com base em países é 0.0 por cento.

During the second-round elections in November 2023, Javier Milei with the coalition “La Libertad Avanza” or “LLA”, won with more than ** percent of the votes against Sergio Massa. As of December 2024, more than half of the population in Argentina had a negative image of Javier Milei. Still with high inflation rates One of the main campaign pledges of Milei was to eradicate inflation in Argentina, one of the main problems the Argentine society faces, and to dollarize the economy. Nonetheless, one year later and the situation is not improving. In fact, during October 2024, the inflation rate when compared to the same month of the previous year was still over *** percent, after reaching one of its highest levels in March of the same year with *** percent. Poverty reaching one of its highest levels Milei’s economic plan included the elimination of subsidies and price controls, such as electricity, transportation, and gas contributions. Which affected directly the most vulnerable part of society. In fact, during the first half of 2024, the level of poverty among households increased ** percent when compared to the second half of 2023. Another area that heavily affected the number of Argentinians in condition of vulnerability is food inflation, which continues to soar, with all food categories presenting price increases.

Abstract

Data used in Stan Fischer's paper, The Role of Macroeconomic Factors in Growth (JME, 1993).

Using a regression analog of growth accounting, the author presents cross-sectional and panel regressions showing that growth is negatively associated with inflation, large budget deficits, and distorted foreign exchange markets. Supplementary evidence suggests that the causation runs from macroeconomic policy to growth. The framework makes it possible to identify the channels of these effects: inflation reduces growth by reducing investment and productivity growth; budget deficits also reduce both capital accumulation and productivity growth. Examination of exceptional cases shows that while low inflation and small deficits are not necessary for high growth even over long periods, high inflation is not consistent with sustained growth.

Geographic coverage

• Afghanistan
• Angola
• Argentina
• Burundi
• Benin
• Bangladesh
• Bahrain
• Bahamas
• Belize
• Bolivia
• Brazil
• Barbados
• Myanmar
• Botswana
• Central African Rep
• Chile
• China
• Cote d'Ivoire
• Cameroon
• Congo
• Colombia
• Comoros
• Costa Rica
• Cyprus
• Dominican Republic
• Algeria
• Ecuador
• Egypt
• Spain
• Ethiopia
• Fiji
• Gabon
• Ghana
• Guinea
• Gambia, The
• Guinea-Bissau
• Greece
• Grenada
• Guatemala
• Guyana
• Hong Kong
• Honduras
• Haiti
• Hungary
• Burkina Faso
• Indonesia
• India
• Iran
• Iraq
• Iceland
• Israel
• Jamaica
• Jordan
• Japan
• Kenya
• Kampuchea
• South Korea
• Kuwait
• Laos
• Lebanon
• Liberia
• Libya
• St. Lucia
• Sri Lanka
• Lesotho
• Morocco
• Madagascar
• Maldives
• Mexico
• Mali
• Malta
• Mozambique
• Mauritania
• Mauritius
• Malawi
• Malaysia
• Niger
• Nigeria
• Nicaragua
• Nepal
• New Zealand
• Taiwan
• Oman
• Pakistan
• Panama
• Peru
• Philippines
• Papua New Guinea
• Poland
• Portugal
• Paraguay
• Romania
• Rwanda
• Saudi Arabia
• Sudan
• Senegal
• Singapore
• Sierra Leone
• El Salvador
• Somalia
• Suriname
• Swaziland
• Syria
• Chad
• Togo
• Thailand
• Trinidad and Tobago
• Tunisia
• Turkey
• Tanzania
• Uganda
• Uruguay
• Venezuela
• Viet Nam
• Western Samoa
• South Yemen
• North Yemen
• Yugoslavia
• South
• Zaire
• Zambia
• Zimbabwe

Kind of data

Aggregate data [agg]

Mode of data collection

Other [oth]

Argentina's main stock market index, the Merval, fell to 2280907 points on August 1, 2025, losing 1.66% from the previous session. Over the past month, the index has climbed 10.56% and is up 59.13% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks this benchmark index from Argentina. Argentina Stock Market (MERVAL) - values, historical data, forecasts and news - updated on August of 2025.