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Inflation in Argentina rose 2.4% in February and fell 66.9% year-on-year.
Friday, March 14, 2025 - 15:54
Foto Reuters

During the first two months of 2025, the Consumer Price Index (CPI) has risen by 4.7%.

This Friday, Argentina's National Institute of Statistics and Census (INDEC) reported that the Consumer Price Index (CPI) rose 2.4% in February, after registering a 2.2% increase the previous month.

Thus, during the first two months of 2025, Argentine inflation has risen by 4.7%, and compared to the previous year, the increase reached 66.9%, compared to 84.5% in January.

Inflation has thus returned to around 2%, accumulating five months above this level, although it has seen some rebound since January, returning to November's percentages. However, this figure is significantly different from the 20.6% figure from a year ago.

"The division with the greatest increase in the month was housing, water, electricity, gas, and other fuels (3.7%), due to increases in housing rent and related expenses and electricity, gas, and other fuels. This was followed by food and non-alcoholic beverages (3.2%), mainly due to increases in meat and meat products. The division that registered the greatest impact across all regions was Food and non-alcoholic beverages (3.2%), due to increases in meat and meat products," INDEC noted in its technical report.

Likewise, the two divisions that registered the smallest variations in February 2025 were home equipment and maintenance (1.0%) and clothing and footwear (0.4%).

Since Javier Milei took office as Argentine president in December 2023, consumer prices have risen 25.1%, skyrocketing by 211.4% in that year.

Analysts estimate that the southern country's inflation rate will remain around 2% in the coming months, despite the government's efforts to maintain a downward trend in the measurement.

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