Overview

• Private trackers in Argentina converge on roughly 2% monthly inflation for August, broadly in line with July’s 1.9%.
• Food prices led the move with gains near 2.3%–2.5% after early‑month FX volatility, while the government argues pass‑through from July’s exchange‑rate spike was limited.
• Fuel taxes will rise under Decree 617/2025 from 1 September with a second phase from 1 October, directly affecting pump prices.
• September brings scheduled increases to prepaid health plans (about 1.4%–1.9%), bus fares in CABA and PBA (+3.9%) and subte tickets, private school fees (up to 3.2%), utilities with monthly adjustments, and rent updates of 50.3% under the ICL.
• Spain’s flash data show August inflation at 2.7% year on year with a 0.0% monthly change and core at 2.4%, helped by lower food prices and milder electricity effects.