Overview
- INDEC reported a 2.8% monthly rise in December and a 31.5% annual rate for 2025, the lowest since 2017.
- President Javier Milei publicly praised Economy Minister Luis Caputo, who called the result an extraordinary achievement.
- Caputo attributed the slowdown to a stabilization program centered on a fiscal surplus, strict control of money supply and BCRA capitalization within a floating FX regime.
- Analysts noted a caution flag as December accelerated from November, with the biggest monthly increases in Transport (4%), Housing and utilities (3.4%) and Food at around 3%.
- A private Iaraf study said purchasing power gains were concentrated in AUH beneficiaries (about +67% vs. 2023) while registered private workers, public employees and minimum pensioners saw real declines.