Overview
- INDEC confirmed December inflation at 2.8% month over month, marking an eighth straight monthly pickup and a 31.5% annual rise for 2025.
- Food led December increases nationwide, with key beef cuts up about 71% over the year and Santa Fe reporting a 3.8% monthly jump in food prices.
- City and national price measures diverge at the product level, with gaps reaching roughly 40% for potatoes and about 36% for ground beef between Idecba and INDEC readings.
- From January, the updated CPI based on ENGHo 2017/18 boosts weights for services and transport and, according to private estimates, lifts Milei-era cumulative inflation to near 270%.
- A FocusEconomics survey centers 2026 inflation near 24%, far above the 10.1% budget assumption, with risks tied to exchange-rate adjustments, utility tariffs and debt rollover.