Overview

• Official data from INDEC show September inflation at 2.1%, lifting the 12‑month rate to 31.8%, with housing, utilities and education each up 3.1%.
• Monthly inflation has largely hovered between 2% and 3% through 2025, short of Milei’s goal to keep price gains below 2% per month.
• Following a provincial election defeat in Buenos Aires, the peso hit a record low of 1,423 per dollar and is down more than 27% this year, prompting fresh central bank interventions.
• To increase dollar supply, authorities loosened rules on using pesos and dollars in public securities, outlined a plan to raise US$2 billion via bond issuance, and authorized Treasury participation in FX operations, according to Finance Secretary Pablo Quirno.
• A leaked audio alleging corruption involving Karina Milei and Eduardo “Lule” Menem is under judicial review, and President Donald Trump met Milei at the White House expressing support for efforts to stabilize the economy.