Overview
- INDEC reported December CPI rose 2.8%, setting the full‑year rate at 31.5%.
- President Javier Milei publicly praised Economy Minister Luis Caputo after the release as officials cast the result as proof their stabilization plan is working.
- Caputo pointed to relative‑price adjustments, a floated exchange rate, fiscal surpluses, tight money and BCRA capitalization as drivers of disinflation.
- December marked the highest monthly increase since April, with Transport up 4%, Housing and utilities up 3.4% and Communication up 3.3%, while food and beverages carried the greatest weight in the index.
- The 2026 budget projects 10.1% inflation, a level many private forecasters expect to be higher given recent monthly acceleration.