Argentina | Monthly inflation was 8.8% (289.4% YoY) and keeps decelerating.

Summary

Monthly inflation had not reached values below 10% since October 2023; monthly core inflation (6.3% m/m, 292% y/y) was the lowest in 15 months, and is the key variable to monitor to measure the pace of disinflation in a context of correction of tariffs and other regulated prices.

Key points

• Key points:
• We revised down the inflation forecast for December 2024 from 175% to 155% YoY.
• We expect monthly inflation to settle at 6% in the coming months.

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