Argentina posted a monthly inflation rate of 2.6% in April 2026, down from 3.4% in March and the lowest reading in nearly 11 months. For a country that was running triple-digit annual inflation not long ago, that number feels almost quaint.
The annual rate also ticked lower, landing at 32.4% compared to 32.6% the month before. That marks the lowest annual figure since September 2025.
What happened in March, and why April looks different
March’s inflation spike wasn’t homegrown. The Iran-related conflict sent energy prices surging globally, and Argentina felt the hit directly. Fuel costs climbed roughly 23% from late February, dragging the broader price index upward and pushing monthly inflation to 3.4%.
Still, not everything in the April data looks rosy. Transport prices rose 4.4% on the month. Regulated prices, the category that covers government-controlled tariffs and utility costs, climbed 4.7%.
