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Published on Thursday, December 11, 2025

Argentina | Inflation surprised upward due to the effect of meat and regulated prices

Summary

November inflation was 2.5% month-on-month (31.4% year-on-year) and accumulated 27.9% in the first eleven months of the year.

Key points

  • Key points:
  • Core inflation was 2.6% m/m and 33.3% y/y, increased for the third consecutive month, and registered the highest monthly value since May of this year.
  • While the recomposition of regulated prices will continue, we project that the disinflationary trend will remain in effect in 2026.

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Argentina | Inflation surprised upward due to the effect of meat and regulated prices

Spanish - December 11, 2025

Authors

TT
Tomas Triantafilo BBVA Research - Economist
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