June 2026 Inflation: A Milestone for the Argentine Economy

On July 14, 2026, the INDEC confirmed that the Consumer Price Index (CPI) for June was 1.9%. For international readers, INDEC (Instituto Nacional de Estadistica y Censos) is the official Argentine government agency responsible for collecting and publishing economic and demographic data. This result, which aligns with projections from private consultancies such as Equilibra, Eco Go, and C&T, marks a historic milestone by breaking the 2% barrier for the first time in 10 months.

Key Data from the INDEC Report

According to the official report released on July 14, 2026, the accumulated inflation for the year reaches 16.8%, while the year-on-year variation (comparing June 2026 to June 2025) stands at 33.5%. The national figure was slightly higher than the CPI of Buenos Aires City (often referred to as CABA), which had measured 1.8% for the same period.

Economic and Financial Context

This drop in inflation occurs in a context of exchange rate stability. The official US dollar exchange rate remained stable between 1,495 and 1,515 Argentine pesos (ARS). This stability is backed by a financial shield of 20 billion USD provided by the Central Bank of the Republic of Argentina (BCRA). Additionally, the country risk—a financial indicator measuring the likelihood of a sovereign default, calculated as the difference between Argentine and US Treasury bond yields—stood at around 402 to 410 basis points.

Price Breakdown: Winners and Losers

Here is a detailed look at how prices behaved in different sectors during June 2026:

• Health (Medical services and products)+2.5%
• Gas and Water (Public utilities)+3.0%
• Vegetables (Fresh produce)+10%
• Food (Slowing down its growth pace)1.5% to 1.9%

Sources: INDEC and private consultancies (REM, GMA Capital, Equilibra, Eco Go, C&T).