Prices in Argentina increased 31.5% in 2025, the lowest inflation rate since 2017, according to a report by the INDEC statistics bureau.

Although the rate is still high by international standards, inflation has decelerated during Javier Milei’s presidency. The figure is over 86 points lower than 2024’s 117.8%, the first full year of his mandate, and 180 lower than 2023’s 211.4%, the last year Peronist Alberto Fernández was in office.

Monthly inflation in December was 2.8%. The sector with the biggest increase was transportation, which jumped by 4%.

Milei won the presidential runoff in November 2023 with the promise of eradicating inflation. That month alone, prices increased by 8.3%.

Argentina’s inflation statistics between 2006 and 2015 are not reliable because of state interference with the measurements.

Critics have said that Milei’s strategy to curb inflation consists of........

© Buenos Aires Herald