Business · Economy · 30 mins ago
Argentina inflation stays below 2% for a second month
Argentina’s consumer prices rose 1.9% in September, keeping monthly inflation below 2% for a second month.
The increase matched analysts’ expectations, and annual inflation fell to 33.4%, according to government data.
Public utility bills and education costs rose most, while food prices increased slightly more than the overall rate.
President Javier Milei has made bringing inflation down a main priority since taking office three years ago, when annual price increases were in the triple digits.
But a stronger exchange rate, tight monetary policy and government austerity have also weighed on economic growth.
Argentina’s economy shrank in the second quarter, and economists expect another contraction in the third quarter, which would amount to a technical recession.
Central bank survey forecasts put monthly inflation at 1.6% to 1.8% through March 2027 and annual inflation at 30% by the end of this year.
Argentina’s consumer prices rose 1.9% in September, keeping monthly inflation below 2% for a second consecutive month.
The September rate was up from 1.7% in August, while inflation over the 12 months to September was 33.4%.
Housing, utilities and education recorded the largest price increases in September, according to one report.
President Javier Milei has made controlling inflation a priority, but austerity measures have also hurt purchasing power and economic activity.
The IMF cut its forecast for Argentina’s economic growth in 2026 from 3.5% to 2.1%.
- Who
- Argentina’s national statistics agency, Indec, reported the figures.
- What
- Monthly consumer price inflation was 1.9% in September, below 2% for the second month in a row.
- When
- September 2026; the data were reported on October 13 and 14.
- Where
- Argentina.
- Why
- The government has made controlling inflation a priority. The sources say austerity and other measures to curb inflation have also weighed on economic activity.
This story does not have two clearly opposing sides.
Javier Milei took office and made controlling inflation a priority.
Argentina’s economy contracted, according to InfoMoney.
Monthly inflation was 1.7%.
Monthly inflation rose to 1.9%, and 12-month inflation was 33.4%.
Reports on the September figures said the IMF had lowered its 2026 growth forecast for Argentina from 3.5% to 2.1%.
- September monthly inflation
- 1.9%
- August monthly inflation
- 1.7%
- Inflation over 12 months to September
- 33.4%
- First nine months of 2026
- Inflation accumulated 23.6%
- IMF 2026 growth forecast
- Cut from 3.5% to 2.1%
- Highest September price increase
- Housing, water, electricity, gas and other fuels: 3.1%
2 sources
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What people are saying
Being below 2% today, I think, is a good number compared with where we came from.
This downward revision is due to the weaker activity observed during the third quarter of this year.