Argentina Inflation Rate Mom

Consumer prices in Argentina rose by 2.2% month-on-month in January 2025, the lowest reading since July 2020, easing from December’s 2.7% and coming in below market expectations of a 2.3% increase. Costs accelerated for health (2.4% vs. 2.1% in December) and restaurants and hotels (5.3% vs. 4.6%). Conversely, price increases slowed for transportation (1.2% vs. 2.2%), education (0.5% vs. 2.2%), food and non-alcoholic beverages (1.8% vs. 2.2%), housing and utilities (4% vs. 5.3%), and communication (2.3% vs. 5.0%), while clothing and footwear (-0.7% vs. 1.6%) swung to deflation. Annually, consumer prices eased to 84.5% in January, marking the ninth consecutive month of disinflation and the softest increase since September 2022, down from 117.8% in December and matching forecasts.