Inflation Argentina 2022
Average inflation: 70.7%
Current Inflation
Inflation is very high at 70.7%, far above the ECB target.
Peak and Trough
The highest inflation was in December at 94.8%. The lowest inflation was in January at 50.7%.
- Highest month
- December: 94.8%
- Lowest month
- January: 50.7%
- Difference
- 44.1 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Clothing and footwear with an average of 93.8%. The lowest price increase was in Communication with an average of 41.1%.
- Highest increase
- Clothing and footwear: 93.8%
- Lowest increase
- Communication: 41.1%
Historical Context
Current inflation is 20.9% higher than the 5-year average of 49.8%. This approaches the highest level since records began (70.7% in 2022).
- 5-year average
- 49.8%
- 10-year average
- 45.6%
- All-time high (2022)
- 70.7%
- All-time low (2017)
- 24.8%
Trend
Inflation shows an upward trend. Compared to 2021, inflation has risen by +22.6 percentage point.
- Change vs. previous year
- +22.6 percentage points
- Largest monthly swing
- December: +43.9 percentage points
ECB Target
Inflation is 68.7% 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 €170.70 next year at this inflation rate.
Multi-year trend
Monthly figures 2022
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2021 |
|---|---|---|
| January | 50.7% | +12.2 |
| February | 52.3% | +11.6 |
| March | 55.1% | +12.5 |
| April | 58.0% | +11.7 |
| May | 60.7% | +11.9 |
| June | 64.0% | +13.8 |
| July | 71.0% | +19.2 |
| August | 78.5% | +27.1 |
| September | 83.0% | +30.5 |
| October | 88.0% | +35.9 |
| November | 92.4% | +41.2 |
| December | 94.8% | +43.9 |
| Average | 70.7% |
Data source
Data from OECD. Last updated: 10/01/2026.