The National Institute of Statistics and Census (INDEC) reported that Argentina's inflation rate for January reached 2.9%, a slight increase from December's 2.8%. This figure is also notable as it is the highest monthly inflation rate observed since March, which recorded a rate of 3.7%. Year-over-year, the inflation index has accrued an increase of 32.4%. In contrast, the core inflation rate, which excludes regulated and seasonal prices, was reported at a lower 2.6%, indicating a deceleration of four tenths compared to December.

This inflation data is significant not only for its immediate implications regarding the economy but also as it serves as the first indicator of financial trends at the start of 2026. It comes in light of recent developments involving the leadership of INDEC, specifically the controversial departure of Marco Lavagna following disagreements with government figures over the methodology used in official measurements. The government's aim is to achieve a key inflation rate below 2%, a level that has not been reached for five months, indicating ongoing challenges in stabilizing the economy and reducing inflationary pressures.

Moreover, the inflation rate has been on an upward trajectory for seven of the past eight months, underscoring the difficulties faced in managing economic conditions. The announcement is critical as it could have broader implications for economic policy and public perception regarding the government's ability to control inflation and foster a stable economic climate amid rising tensions and debates about statistical methodologies in reporting inflation data.