Argentina's August inflation was 1.7% MoM, in line with expectations, decelerating from 2.1% in July due to seasonal price dynamics. Core inflation remained stable. The 2026 inflation forecast is maintained at 29%, with a slight upward bias for the remainder of the year.

Argentina's national inflation in July was 2.1% month-on-month (33.8% y/y), exceeding expectations. This acceleration was mainly driven by seasonal price dynamics during the winter holidays. The 2026 inflation forecast is maintained at 29%, with an upward bias.