Overview
- Private estimates put December inflation around 2.5%, leaving 2025 near 30–32% and marking the lowest annual rate in seven to eight years.
- Official data show a 27.9% CPI increase from January to November, with March the annual peak month at 3.7%.
- Late‑year pressures came from beef, with CICCRA reporting a 12.8% monthly rise in live‑cattle prices in November and roughly 51.6% gains since July, alongside higher regulated tariffs.
- Economists doubt the 2026 Budget’s 10.1% inflation goal, citing the new exchange‑rate band that will adjust with lagged inflation from January and the need for stronger capital inflows.
- Indec will release December CPI on January 13, while recent consumption data show a November decline even as inflation has steadied near the 2% monthly range.