Argentina’s February Inflation Rate Matches Projections at 2.4%

Argentina’s inflation rate rose to 2.4% in February, matching analyst estimates. The annual inflation, however, showed a decrease to 66.9%. The Milei administration has worked to control inflation, moving from a peak near 300% last year to lower figures. Projections for 2025 suggest further decreases to 23.3%.

In February, Argentina’s monthly inflation rate increased to 2.4%, in line with analyst projections according to data released by the INDEC statistics agency. This rise follows a previous rate of 2.2% observed in January.

On an annual basis, inflation reached 66.9% for the twelve months ending in February, down from 84.5% reported the month prior. This rate is slightly above analyst expectations divulged in a survey by Reuters.

Under the leadership of libertarian President Javier Milei, the government has made efforts to curb rampant inflation. Despite recent stabilization, inflation has remained in the 2% to 3% range consistently over recent months. While the administration’s austerity measures have provoked widespread protests, they have reduced inflation from the extreme levels previously seen.

Argentina’s inflation, which peaked near 300% early last year, has decreased significantly, moving towards double digits. Analysts anticipate that by the end of 2025, inflation could further decline to an estimated 23.3%.

Argentina’s inflation has slightly increased to 2.4% in February, aligning with forecasts but signifies persistent challenges. Although the annual rate has decreased to 66.9%, it reflects ongoing concerns regarding affordability under President Milei’s austerity policies. Analysts predict continued improvements, potentially reducing inflation to 23.3% by late 2025.

Original Source: www.tradingview.com