The pace of price rise is far from the government's intention, which aimed to break the 2% mark during the first quarter of the year. President Javier Milei had promised that inflation would be below 1% at the beginning of the second semester, an estimate that is now in question following the price behavior in the first bimonthly period. In January, inflation was 2.9%, marking the fifth consecutive month of growth compared to the previous month. If the data from private consultancies is confirmed, February would complete a semester with an upward curve, despite the ruling party's plan to refrain from issuing pesos, to which is added an exchange rate policy that seeks to contain the price of the currency. The average private salary closed 2025 at ARS 1,798,332, with some earning below and others above this figure. February inflation according to private consultancies. The latest survey by consultancy LCG, received by the Argentine News Agency, detected that food has accumulated a rise of over 3% in the last four weeks, with basic items like meat and vegetables driving this advance. Meanwhile, Eco Go pointed out that during the third week of the month, prices for food consumed at home recorded a 0.5% increase. 'Food inflation at home is projected to be around 2.9% for February. Specialists had expected a price increase of 2.1% for February. It should be remembered that February will also have a strong impact on public services due to updates in electricity and gas tariffs. This scenario puts the government on alert as its entire economic policy has the main objective of reducing inflation, and despite meeting its fundamentals of fiscal surplus and no issuance, prices remain above the intended level. Furthermore, it was concluded that the projection for February is an inflation of 3%. For Analytica, in the third week of the month, prices rose by 2.8%, which projects a price increase of 2.8% for the month. Meanwhile, the basket of basic products from Consumers Libres showed an increase of 3.1% for the first half of the current month. These surveys are far from what analysts had projected in the Market Expectations Survey (REM), prepared by the Central Bank. Buenos Aires, February 25 (NA) – February inflation is expected to be between 2.5% and 3%, driven by increases in food and public services, according to private studies. 'By incorporating the variation of food consumed outside the home (1.9%), inflation in the food category is 2.7%,' it said in its latest report.
Argentina's Inflation Exceeds Government Targets
Despite government efforts to control inflation, prices in Argentina continue to rise at an accelerated pace. In January, inflation reached 2.9%, and forecasts for February point to a rise of up to 3%, casting doubt on President Javier Milei's promises.