Argentina Monthly Inflation Rate Hits Six-Month High

Argentina's monthly inflation rate rose to 2.2% in October 2026 from 1.9% in the prior month, marking a six-month high. Utilities recorded the largest price increase (4.2%), driven by higher gas prices. Recreation and culture followed, up 3.3%. Food and non-alcoholic beverages contributed the most to the monthly variation across most regions, rising 2% nationally. Prices also rose considerably for clothing and footwear (2.2%), healthcare (1.7%), transport (2.1%), communication (2%), and restaurants and hotels (1.7%). Seasonal prices rose 5.5% and regulated prices increased 2.9%. Core inflation eased to 1.5% from 1.7% in September. Year on year, Argentina's inflation eased slightly to 33.1% from 33.4%, missing estimates of 32.7%.

Argentina’s consumer price index rose 1.9% month-over-month in September 2026, up from 1.7% in August, and accumulated 23.6% year-to-date. Housing, water, electricity, gas and other fuels recorded the largest monthly increase at 3.1%, followed by education at 3.0%. Restaurants and hotels posted the smallest increase at 1.1%, while clothing and footwear rose 1.4%. Food and non-alcoholic beverages made the largest contribution to monthly inflation across regions, except in Greater Buenos Aires, where housing and utilities had the greatest impact. Core CPI rose 1.7%, driven in part by higher prices for dining out and pharmaceutical products. Seasonal prices increased 2.9%, led by vegetables, tubers and legumes, while regulated prices rose 2.3%, reflecting higher gas, electricity and private healthcare costs.

Argentina’s consumer price index rose 1.7% month-over-month in August 2026, easing from 2.1% in July, matching forecasts. Housing, water, electricity, gas and other fuels recorded the largest monthly increase at 2.8%, followed by education at 2.5%. Recreation and culture was unchanged, while clothing and footwear fell 0.6%. Food and non-alcoholic beverages made the largest contribution to monthly inflation across regions, driven by higher prices for vegetables, tubers, legumes, fruit, bread and cereals. Regulated prices rose 2.2%, led by increases in electricity, gas, public transportation and private healthcare costs. Seasonal prices fell 0.9%, as declines in tour packages and clothing were partly offset by higher prices for vegetables, tubers, legumes and fruit. Year-to-date inflation reached 21.3%. Core CPI increased 1.8%.