Overview
- Private consultancies estimate November’s consumer prices rose above 2% month on month, citing beef-led food increases, adjustments to electricity and gas, and retail promotions as key drivers.
- Central bank REM consensus published Dec. 4 projects monthly inflation dipping below 2% in January 2026 and easing to 1.5% by May, with seasonally adjusted GDP up 0.9% in Q1 2026.
- FocusEconomics’ December panel sees Argentina’s consumer prices averaging 23.9% in 2026 and GDP expanding about 3.1%, alongside further declines in market interest rates.
- The same surveys flag exchange‑rate calm, a recovery in demand for pesos, and the path of regulated tariffs and commodities as pivotal for sustaining disinflation into 2026.
- For context in the region, BBVA Research expects Peru’s inflation to edge up to 2.5% in 2026 as this year’s strong sol appreciation and lower commodity prices fade.