Prices in Argentina increased 31.5% in 2025, the lowest inflation rate since 2017, according to a report by the INDEC statistics bureau.<\/p>\n
Although the rate is still high by international standards, inflation has decelerated during Javier Milei\u2019s presidency. The figure is over 86 points lower than 2024\u2019s 117.8%<\/a>, the first full year of his mandate, and 180 lower than 2023\u2019s 211.4%<\/a>, the last year Peronist Alberto Fern\u00e1ndez was in office.<\/p>\n Monthly inflation in December was 2.8%. The sector with the biggest increase was transportation, which jumped by 4%.<\/p>\n Milei won the presidential runoff in November 2023 with the promise of eradicating inflation. That month alone<\/a>, prices increased by 8.3%.<\/p>\n Argentina\u2019s inflation statistics between 2006 and 2015 are not reliable because of state interference with the measurements.<\/p>\n Critics have said that Milei\u2019s strategy to curb inflation consists of keeping the peso artificially strong and freezing salaries, leading to plummeting purchasing power. The situation has resulted in critical declines across several industries<\/a>.\u00a0<\/p>\n Milei has said that inflation has come down during his presidency mainly due to state cuts under his \u201cchainsaw\u201d campaign.<\/p>\n \u201cThe stabilization program based on fiscal surplus, strict control of the money supply, and capitalization of the Central Bank of Argentina will continue to be the pillars for continuing the disinflation process,\u201d Economy Minister Luis \u201cToto\u201d Caputo posted on X.<\/p>\n \u201cThis is the only viable path to definitively eradicating inflation and making Argentina great again,\u201d he added, echoing U.S. President Donald Trump\u2019s motto.<\/p>\n However, the government will face several challenges going forward, analysts say. With December\u2019s data, monthly inflation has now remained flat or risen for the past eight months. When measured over the preceding 12 months, inflation has been flat at slightly above 31% since October.<\/p>\n Balanz, a major Argentine broker, said in a statement that even though December\u2019s monthly figure was \u201cabove market expectations,\u201d they \u201cexpect monthly inflation to resume its downward trajectory during the first quarter of 2026, as the impact of the increase in meat and transport prices fades.\u201d<\/p>\n