Argentina’s February Inflation Sees Mild Rise Amid Economic Adjustments
In February, Argentina’s inflation rate increased to 2.4%, up from 2.2% in January, while annual inflation reached 66.9%. This improvement comes under President Javier Milei’s efforts to tame inflation, though stagnation persists. Analysts forecast a potential decrease in March inflation amidst ongoing economic challenges.
In February, Argentina’s monthly inflation rate rose to 2.4%, consistent with analyst forecasts, as reported by the INDEC statistics agency. This increase from January’s 2.2% is influenced by a nearly 4% rise in housing and public services costs. Over the past 12 months, inflation reached 66.9%, an improvement from 84.5% the prior month, yet slightly above expectations according to analysts polled by Reuters.
Under President Javier Milei’s administration, efforts to control inflation have shown progress, though the rate has stagnated within the 2% to 3% range in recent months. An analyst at Max Capital predicted March inflation to approximate 2%, but noted high-frequency data indicated it might exceed February’s rate during the month’s first week.
Despite undergoing drastic austerity measures that incited mass protests, the Milei government has managed to reduce inflation from nearly 300% early last year to double digits. For 2025, analysts predict inflation will decrease further to 23.3% annually, reflecting a significant improvement in Argentina’s economic situation.
Argentina’s inflation experienced a slight uptick in February, aligning with analyst expectations, while still reflecting a significant decrease from previous peaks. The government’s measures under President Milei aim to control inflation amidst challenges, such as public discontent stemming from austerity policies. Future forecasts suggest a continued downward trend in inflation for the coming years, bolstering hopes for economic stabilization.
Original Source: money.usnews.com
