In February 2023, Argentina’s monthly inflation rose to 2.4%, matching analyst predictions. The annual rate decreased to 66.9%, signaling ongoing adjustments under President Javier Milei’s policies. Despite recent improvements, inflation remains a concern, with forecasts suggesting a further decline by 2025.
In February 2023, Argentina’s monthly inflation rate increased to 2.4%, in accordance with analyst expectations, as reported by the INDEC statistics agency. This presents a rise from January’s inflation rate of 2.2%.
The annual inflation rate reached 66.9% as of February, reflecting a decrease from the previous month’s 84.5%, despite slightly exceeding the projections of analysts from Reuters.
During President Javier Milei’s administration, measures have been taken to address the rampant inflation; however, the monthly rate has remained somewhat stagnant, oscillating between 2% and 3%. Meanwhile, plans are underway to alleviate capital controls.
At its peak, annual inflation approached 300% early last year, yet it has since declined to double digits. Analysts predict a further reduction in inflation, expecting it to reach 23.3% by the end of 2025 in South America’s second-largest economy.
Argentina’s inflation has seen significant fluctuations, with recent rates showing moderate progress under President Milei. The February monthly inflation rise aligns with expectations, while the annual rate continues to decline. Despite the ongoing challenges, economic forecasts suggest a gradual stabilization in inflation rates, projecting further reductions in coming years.
Original Source: www.tradingview.com
