Argentina closes 2025 with the lowest annual inflation in almost a decade
The official report indicated that in December 2025 prices increased 2.8% monthly, maintaining an upward trend that began in June.
(File) A hand holds Argentine banknotes.
Inflation in Argentina closed 2025 at 31.5%, the lowest level recorded since 2017, according to a report from the National Institute of Statistics and Censuses (INDEC). The data was celebrated by the government of President Javier Milei as a milestone of its economic policies, although analysts and economists warn that the deceleration process could have reached a limit.
The official report indicated that in December 2025 prices increased 2.8% monthly, maintaining an upward trend started in June. The largest increases in the last month of the year were recorded in transportation, housing and utility rates, such as water and gas.
">2025: LA INFLACIÓN MÁS BAJA DE LOS ÚLTIMOS 8 AÑOS
— totocaputo (@LuisCaputoAR) January 13, 2026
La inflación de diciembre arrojó una variación mensual de 2,8% y una variación interanual de 31.5%.
De esta manera, el año 2025 concluye con la inflación más baja de los últimos 8 años, tanto en su medición a nivel general, como…
A sharp drop compared to recent years
Despite December's rebound, the annual result represents a marked slowdown compared to previous years. In 2024, inflation was 117.8%, while in 2023 it reached 211.4%, the highest level in the world that year. In 2022, the rate was 94.8%.
The 2025 figure is the lowest since 2017, when inflation stood at 24.8% during the presidency of Mauricio Macri.
The government attributes the result to fiscal adjustment
President Milei backed his minister with a brief message, "Toto, the greatest."
The government recalled that, upon taking office in December 2023, Milei applied a devaluation of over 50% and implemented a sharp cut in public spending, a policy that the he called the “chainsaw.”
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