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Argentina's 2.2% October Inflation Boosts December Pension Payouts

The October CPI figure enables the monthly mobility formula to raise December disbursements under Decree 274/2024.

Overview

  • INDEC published October inflation at 2.2% on Thursday, which the mobility rule uses as the reference to calculate December pension increases.
  • December amounts will combine the updated monthly pension, the second half of the annual bonus (SAC/aguinaldo), and a frozen ARS 70,000 extraordinary bonus for low‑income retirees, producing much larger single‑month totals.
  • Journalistic estimates using ANSES bases put minimum beneficiaries near ARS 750,000 total in December and maximum‑pension recipients up to about ARS 4.57 million gross, though formal decrees and possible deductions could change final deposits.
  • ANSES has already set the November maximum pension via Resolución 304/2026, is expected to publish any December operational resolutions before month end, and will pay automatically according to the December calendar that begins 17 December by DNI termination.
  • The mobility system created by Decree 274/2024 updates benefits monthly using the CPI with a two‑month lag, the ARS 70,000 bonus is non‑remunerative and excluded from aguinaldo calculations, and the frozen bonus has lost purchasing power as inflation accrued.