Argentina | June inflation recorded 1.6% m/m, another downside surprise
15 July 2025
June's inflation rate was 1.6% m/m (39.4% y/y), marking the second consecutive month below the 2% m/m level. This scenario indicates a more rapid disinflation process than previously anticipated, leading us to revise our December 2025 inflation forecast downward to 28% y/y from our prior projection of 30% y/y.