Argentina continues to experience high inflation, with January's monthly increase at 2.9% and an annual rise of 32.4%, maintaining its rank as the second highest inflation rate in Latin America.
In January, Argentina reported a monthly inflation rate of 2.9% and an annual inflation rate of 32.4%, exceeding both government and private forecasts. Despite these figures, Argentina retains its position as the second highest inflation rate in Latin America. The country has not managed to improve its regional standing but showed progress globally, moving from the highest inflation rate in the world two years ago to the sixth position due to measures taken in 2025 that reduced the inflation rate to 31.5%.
The report highlights that 2023 marked the highest inflation index seen in 32 years, a record set since the hyperinflation period of 1990, which peaked at 1,344%. Under former President Alberto Fernández, Argentina's inflation reached an alarming 211.4%, making it the highest in the world. The 2024 data indicated a slight easing, with Argentina closing that year with the third-highest rate globally at 120%, following countries like Syria and Sudan. As of last year, Argentina stood sixth in the world rankings with countries like Venezuela and Zimbabwe leading.
As inflation continues to accelerate, the outlook for February remains uncertain with persistently high numbers. The lack of improvement in regional rankings suggests ongoing economic challenges, and specialists express concern that without significant policy changes, Argentina's inflation trajectory may remain problematic, affecting the economy and daily lives of its citizens.
