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Argentina Core Inflation Rate

Argentina's core inflation rate dropped to 34.3% in September 2025, its lowest point since August 2018. This decline follows a rate of 36.1% in August 2025. Strict government fiscal policies including a zero-deficit rule and the halt of central bank money printing, are driving this disinflation. Deregulation, free market principles, central bank balance sheet cleanup and reduced currency depreciation pass-through also aid economic stabilization. Argentina's record low core inflation was 21.1% in December 2017 and record high was 300% in March 2024.

Monthly Historical Data (2017-2025)

(in %)
Month Core Inflation Rate
Sep 2025 34.3%
Aug 2025 36.1%
Jul 2025 38.9%
Jun 2025 42%
May 2025 44.7%
Apr 2025 46.9%
Mar 2025 51.3%
Feb 2025 60.4%
Jan 2025 75%
Dec 2024 105.5%
Nov 2024 155.4%
Oct 2024 182%
Sep 2024 198.1%
Aug 2024 227.5%
Jul 2024 257.9%
Jun 2024 267.2%
May 2024 277.3%
Apr 2024 292.2%
Mar 2024 300%
Feb 2024 291.9%
Jan 2024 275.9%
Dec 2023 229.4%
Nov 2023 170.3%
Oct 2023 149.7%
Sep 2023 142.2%
Aug 2023 125.3%
Jul 2023 111.5%
Jun 2023 113.1%
May 2023 110.3%
Apr 2023 105.2%
Mar 2023 102%
Feb 2023 100.4%
Jan 2023 94.4%
Dec 2022 90.6%
Nov 2022 89.1%
Oct 2022 86.4%
Sep 2022 82.3%
Aug 2022 78.4%
Jul 2022 72.2%
Jun 2022 65.5%
May 2022 63.5%
Apr 2022 60.5%
Mar 2022 57.3%
Feb 2022 54.5%
Jan 2022 54%
Dec 2021 54.9%
Nov 2021 55.5%
Oct 2021 56.6%
Sep 2021 57%
Aug 2021 55.5%
Jul 2021 55.4%
Jun 2021 54.5%
May 2021 52.5%
Apr 2021 49.8%
Mar 2021 45.7%
Feb 2021 43.7%
Jan 2021 41.4%
Dec 2020 39.4%
Nov 2020 37.8%
Oct 2020 37.9%
Sep 2020 38.3%
Aug 2020 43.9%
Jul 2020 46.2%
Jun 2020 45.6%
May 2020 46.2%
Apr 2020 48.5%
Mar 2020 51.4%
Feb 2020 53.6%
Jan 2020 55.8%
Dec 2019 56.7%
Nov 2019 55.2%
Oct 2019 54.2%
Sep 2019 55.3%
Aug 2019 57.1%
Jul 2019 55.1%
Jun 2019 56.7%
May 2019 58.8%
Apr 2019 58%
Mar 2019 55.5%
Feb 2019 52.5%
Jan 2019 49.9%
Dec 2018 47.7%
Nov 2018 46.2%
Oct 2018 43.3%
Sep 2018 38.9%
Aug 2018 31.2%
Jul 2018 28.7%
Jun 2018 26.9%
May 2018 23.6%
Apr 2018 22.4%
Mar 2018 22.4%
Feb 2018 21.6%
Jan 2018 21.1%
Dec 2017 21.1%
Argentina Core Inflation Rate : Definition
Argentina's core inflation rate shows price changes, excluding volatile items like energy and some food. It's calculated from the CPI, stripping out those components. This provides a less noisy view of underlying inflation trends.