Argentina's Inflation Crept Back Up to 2.1% in July

Economy: Argentina

Key Facts

—The print. Consumer prices rose 2.1% in July 2026, up from 1.9% in June — the first re-acceleration in months, the INDEC statistics agency reported on August 13.

—The stack. Inflation totals 19.3% for January–July and 33.8% year-on-year — far from the zero-comma monthly readings President Javier Milei promised for 2026.

—Inside the basket. Core inflation ran at 1.8% (up from 1.6% in June), seasonal prices jumped 4.5% on winter holidays, and recreation and culture led all divisions at plus 5%.