The National Government's projected inflation targets for the 2026 Budget, which the Government aims to approve in extraordinary sessions, will require a monthly increase in the Consumer Price Index (CPI) not to exceed 0.8% to meet the annual target of a 10.1% increase. The Government has managed to contain inflation, but this year it has always exceeded 1% and is expected to end with a 24.5% variation by the end of December. The CPI is projected to show a 24.5% year-on-year variation in December 2025, for which it is necessary that inflation in the last quarter of the year average 0.7% month-on-month (m/m), which would imply a significant deceleration compared to the previous quarter (an average of 2.0% m/m). "The inflation projections for the following years imply average monthly rates of 0.8% m/m in 2026, 0.5% m/m in 2027, and 0.3% m/m in 2028." Other key macroeconomic data is the increase in the dollar, which the Government estimated at 1423 by December 2026, but it is already at 1475 today, slightly less than the band established in April, which set a range of ARS/USD 1,000 to 1,400. Regarding growth, a 5% increase in GDP is projected, which will be supported by an advance in private consumption, investment, and exports. In the first nine months of the year, it accumulated a 22% increase, and the index for October is awaited for November 12. For users, having an inflation rate below 1% monthly will also allow for a lesser impact on rent, prepaid health plans, private school fees, and maintenance fees, which have a strong impact on the pockets of the middle class. According to the Budget Law, the projected inflation for 2026 will be 10.1%, for 2027 it will be 5.9% annually, and for 2028 it will be 3.8%. The Congressional Budget Office (OPC) stated that the macroeconomic scenario projected by the Government "forecasts a trend towards disinflation." The projected growth for the 2025-2028 period for GDP in general and for Investment would bring about a robust growth of imports, which will be mitigated from 2027 onwards.
