Argentina Inflation Cools to 31.5% in 2025 as December Rises to 2.8%

Overview

• Indec reports the sharp annual slowdown from 117.8% in 2024 to 31.5% at year-end 2025.
• Transport rose 4.0% in December, with Housing, water, electricity, gas and fuels up 3.4% and Communication up 3.3%, while Food and non-alcoholic beverages had the largest impact on the overall reading.
• Services prices advanced 3.4% in December versus 2.6% for goods, reinforcing heavier pressure from service-intensive, administered items.
• The category covering public services, fuels and public transport climbed 34.2% over 2025, outpacing the national average.
• Regional variation persisted, with the Northeast at 3.4% for the month and Patagonia and Cuyo at 2.6%, as inflation continued to strain purchasing power and shape wage talks.