Inflation rose to 2.4% in February and accumulated 66.9% in twelve months

Prices rose above January's 2.2%. The increases in tariffs and food and beverages were the ones that had the most impact.

The cost of living was 2.4% in February, up from 2.2% in January, and in twelve months they accumulated a 66.9% increase.

The division with the highest increase in the month was Housing, water, electricity, gas and other fuels (3.7%), due to increases in Housing rent and related expenses and Electricity, gas and other fuels.

It was followed by Food and non-alcoholic beverages (3.2%), mainly due to increases in Meat and derivatives.

The division that registered the highest incidence in all regions was Food and non-alcoholic beverages (3.2%), due to the increases in Meat and derivatives.

Thus, the great driver for the acceleration of the consumer price index (CPI) was the meat item.

The two divisions that registered the lowest variations in February 2025 were Household Equipment and Maintenance (1.0%) and Clothing and Footwear (0.4%).

At the category level, core CPI (2.9%) led the increase, followed by Regulated (2.3%), while Seasonal prices registered a decrease of 0.8%.

INDEC detailed the monthly variations in each region of Argentina.

 Patagonia was the one that registered the highest number: 3.2%.

Cuyo (2.7%), Northwest (2.6%) and the Pampas Region (2.5%) were also above the national total.

Below that level were Greater Buenos Aires (2.2%) and the Northeast (1.9%).

The nationwide data is known two days after February inflation in the City registered a sharp drop. It was 2.1%.

In that case, the decline was largely explained by a seasonal factor, the 4.8% drop in tourism-related services, and despite the sharp increase in meat prices.

Thus, it accumulates in the first two months of the year a rise of 5.3% and a year-on-year trajectory of 79.4%, according to the Buenos Aires Institute of Statistics and Censuses.

The BCRA's latest Market Expectations Survey (REM) had forecast retail inflation of 2.3% in February and 2.2% in March.

The report published every month by the Central Bank, which in this case compiled the forecasts of 39 Argentine and foreign consultants, thus broke a trend of downward projections that began with the administration of Javier Milei.

For the first time during the current government, the REM registered a projection of higher inflation for the immediate future.

Close