Local and foreign specialists projected a monthly inflation of 2.3% for February, according to the Market Expectations Survey (REM) of the Central Bank of the Argentine Republic (BCRA). The report summarizes the forecasts of 39 participants, including consultancies, research centers, and local and international financial entities.
In this second edition of the year, a monthly inflation of 2.3% for February was estimated, which represents a decrease of 0.2 percentage points compared to the previous REM. Regarding the Core CPI, a 2.3% increase was projected, an increase of 0.2 percentage points compared to the previous REM.
Regarding the exchange rate, an average value of $1,070 per dollar was expected for March, with a projection of $1,175 per dollar for December 2025. Additionally, a growth of 4.8% in Gross Domestic Product (GDP) was forecasted for 2025 compared to 2024.
The Top 10 forecasters of these variables in the past expected a monthly inflation of 2.3% for February, with an increase of 0.4 percentage points compared to the previous REM. Meanwhile, the unemployment rate would stand at 6.8%, with a slight decrease of 0.2 percentage points.
Participants in the REM maintain the expectation of a monthly depreciation of the Argentine peso against the dollar throughout 2025, with an expected annual variation of 15.1% in December. A decrease in monthly inflation is projected in the coming months for both the overall CPI and the core.
In summary, the REM projections indicate a scenario of contained inflation, exchange rate stability, and moderate GDP growth for the current year.
