Argentina: Inflation picks up in January from the prior month
Latest reading: Consumer prices increased 32.4% in annual terms in January, following a 31.5% rise in the prior month and above market expectations. Inflation has now accelerated for three straight months after a long period of declines, propped up by the notable currency depreciation observed in the second half of 2025.
Relative to the prior month’s data, there were higher price pressures for transportation (+32.8% in annual terms vs +32.0% in December) and food and non-alcoholic beverages (+35.9% vs +32.2% in December). In contrast, there were milder price pressures for restaurants and hotels (+40.6% vs +42.2% in December) and housing and utilities (+40.2% vs +41.6% in December).
Lastly, consumer prices increased 2.88% in January in month-on-month terms, following a 2.85% increase in the prior month.