Inflation Argentina 2021
Average inflation: 48.1%
Current Inflation
Inflation is very high at 48.1%, far above the ECB target.
Peak and Trough
The highest inflation was in September at 52.5%. The lowest inflation was in January at 38.5%.
- Highest month
- September: 52.5%
- Lowest month
- January: 38.5%
- Difference
- 14.0 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Clothing and footwear with an average of 65.5%. The lowest price increase was in Communication with an average of 26.0%.
- Highest increase
- Clothing and footwear: 65.5%
- Lowest increase
- Communication: 26.0%
Historical Context
Current inflation is 7.5% higher than the 5-year average of 40.6%.
- 5-year average
- 40.6%
- 10-year average
- 40.6%
- All-time high (2019)
- 53.6%
- All-time low (2017)
- 24.8%
Trend
Inflation shows a downward trend. Compared to 2020, inflation has fallen by +5.4 percentage point.
- Change vs. previous year
- +5.4 percentage points
- Largest monthly swing
- September: +15.9 percentage points
ECB Target
Inflation is 46.1% 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 €148.10 next year at this inflation rate.
Multi-year trend
Monthly figures 2021
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2020 |
|---|---|---|
| January | 38.5% | -14.4 |
| February | 40.7% | -9.6 |
| March | 42.6% | -5.8 |
| April | 46.3% | +0.7 |
| May | 48.8% | +5.4 |
| June | 50.2% | +7.4 |
| July | 51.8% | +9.4 |
| August | 51.4% | +10.7 |
| September | 52.5% | +15.9 |
| October | 52.1% | +14.9 |
| November | 51.2% | +15.4 |
| December | 50.9% | +14.8 |
| Average | 48.1% |
Data source
Data from OECD. Last updated: 13/01/2026.