Argentina | Inflation accelerated slightly in February to 2.4% MoM

Summary

February inflation was 2.4% MoM (66.9% YoY), slightly above expectations, and accelerating 0.2 p.p. over January. We expect March inflation to be similar to February.

Key points

• Key points:
• In the second month of the year, there was a high dispersion between the different items of the CPI.
• Core inflation increased from January to 2.9% MoM and regulated prices rose by 2.3% MoM. Seasonal prices, on the other hand, showed a variation of -0.8% MoM.
• We expect March inflation to be similar to February. We maintain our annual inflation forecast of 30% for 2025.

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