Overview
- Projections place 2025 inflation near 30–31%, staying below 32%, after a 27.9% CPI rise from January to November.
- Monthly inflation re‑accelerated late in the year—2.1% in September, 2.3% in October, 2.5% in November—with December expected to edge up again.
- Meat costs are a key driver of the year‑end bump, as live cattle prices in Cañuelas jumped 12.8% in November and have surged since July, according to CICCRA.
- Economists attribute the rapid disinflation to a tight fiscal anchor and greater import competition that eased prices in tradables, even as tariff and utility adjustments pushed other items up.
- Congress approved the 2026 budget with a 10.1% inflation forecast, though analysts warn underlying exchange‑rate assumptions may already be outdated.