Argentina's June inflation slows to 1.9% – lowest in ten months
The National Institute of Statistics and Censuses (INDEC) reported that Argentina's consumer price index (CPI) rose 1.9% in June 2026, the lowest monthly inflation rate since August 2025 and the lowest in ten months. Year‑on‑year inflation stood at 33.5% and the first‑half‑year cumulative increase was 16.8%. Core inflation (excluding volatile and regulated items) eased to 1.6%, while seasonal prices rose 3.4% driven by higher vegetable and tourism costs.
Sectoral analysis showed the strongest monthly gains in recreation and culture (+4.2%) and housing, water, electricity, gas and other fuels (+3.3%). Food and non‑alcoholic beverages increased 1.3%, with tomatoes up 22.5% and potatoes up 4.8%.
The June figure triggered automatic adjustments in several policy areas. The ANSES pension system applied the mobility formula, raising the minimum pension to about 419,800 pesos and adding a 70,000‑peso bonus. The rent‑update index for June reached 2.44%, the third‑highest level since its inception. The government also revised tax brackets: the Ganancias minimum non‑taxable threshold and Monotributo income limits were increased based on the 16.8% semester inflation.
Officials presented the data as evidence that the disinflation process is consolidating, while analysts noted that maintaining sub‑2% inflation will be crucial for household purchasing power and for the credibility of the Milei administration’s economic program.