Tuesday, July 14th 2026 - 22:26 UTC
The government presents the slowdown as one of the main achievements of the fiscal and monetary adjustment program launched after Javier Milei took office in December 2023
Inflation in Argentina slowed for the third consecutive month in June, coming in at 1.9%, according to the National Institute of Statistics and Censuses (INDEC). It was the lowest monthly figure since August 2025 and the first time this year that the index dropped below the 2% threshold. Year-on-year, prices rose 33.5%, while the first-half cumulative figure reached 16.8%.
The figure was in line with private analysts' estimates and below the 2.1% recorded in May. Core inflation, which excludes seasonal and regulated prices and offers a view of the underlying trend, was 1.6%, also below the general average. Economy Minister Luis Caputo highlighted that it was the lowest inflation in ten months.
By category, the largest increases were in recreation and culture (4.2%), driven by higher tourism package prices, and in housing, water, electricity and gas (3.3%), reflecting adjustments in utility rates. At the other end were clothing and footwear (0.4%) and communications (0.9%). Food and beverages, the most sensitive category for lower-income households, rose 1.3%, below the average.
