Argentina’s inflation may be hitting pause. Economists aren’t ready to celebrate |
After seven months of accelerating monthly inflation, prices may have finally taken a breather in April, according to private consulting firms. Their estimates put April’s price increase at 2.4% to 2.6% month-on-month — the first monthly slowdown in 11 months.
Official figures will be released by statistics institute INDEC on Thursday, May 14.
The number would bring some relief to President Javier Milei’s administration, whose main political asset and campaign promise — bringing inflation down — has been called into question by the recent price rebound.
In May 2025, monthly inflation came in at 1.5%, the lowest reading since June 2020, in the thick of the COVID-19 pandemic. Prices have been climbing every month since. In March 2026,inflation hit 3.4% — the highest level since March 2025.
Food prices led the cooldown
The Fundación Libertad y Progreso, a free-market think tank aligned with the government, projects April inflation to hover around 2.4%.
“Disinflation is back on track, propped up by the strength of the fiscal surplus, which remains the fundamental anchor of the process, alongside an exchange rate that has held steady since November,” said Tomás Amerio, an economist at Fundación Libertad y Progreso.
According to the think tank, the........