Inflation Argentina 2018
Average inflation: 33.8%
Current Inflation
Inflation is very high at 33.8%, far above the ECB target.
Peak and Trough
The highest inflation was in November at 48.5%. The lowest inflation was in January at 25.0%.
- Highest month
- November: 48.5%
- Lowest month
- January: 25.0%
- Difference
- 23.5 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Housing, water, electricity, gas and other fuels with an average of 52.7%. The lowest price increase was in Alcoholic beverages, tobacco and narcotics with an average of 22.3%.
- Highest increase
- Housing, water, electricity, gas and other fuels: 52.7%
- Lowest increase
- Alcoholic beverages, tobacco and narcotics: 22.3%
Historical Context
Current inflation is 4.5% higher than the 5-year average of 29.3%. This approaches the highest level since records began (33.8% in 2018).
- 5-year average
- 29.3%
- 10-year average
- 29.3%
- All-time high (2018)
- 33.8%
- All-time low (2017)
- 24.8%
Trend
Inflation shows an upward trend. Compared to 2017, inflation has risen by +9.0 percentage point.
- Change vs. previous year
- +9.0 percentage points
- Largest monthly swing
- December: +22.8 percentage points
ECB Target
Inflation is 31.8% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this high inflation rate, purchasing power rapidly decreases. This has a major impact on households, especially without adequate salary increases.
What you could buy for €100 this year will cost approximately €133.80 next year at this inflation rate.
Multi-year trend
Monthly figures 2018
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2017 |
|---|---|---|
| January | 25.0% | - |
| February | 25.4% | - |
| March | 25.4% | - |
| April | 25.5% | - |
| May | 26.3% | - |
| June | 29.5% | - |
| July | 31.2% | - |
| August | 34.4% | - |
| September | 40.5% | - |
| October | 45.9% | - |
| November | 48.5% | - |
| December | 47.6% | +22.8 |
| Average | 33.8% |
Data source
Data from OECD. Last updated: 10/01/2026.