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Argentina: Indec says April's inflation stood at 2.8%

  • Argentina’s official statistics agency reported a 2.8% increase in the Consumer Price Index for Buenos Aires in April 2025.
  • This was the first CPI report after removing exchange rate stocks and followed a 3.7% increase in March 2025.
  • Restaurants and hotels saw the largest rise at 4.1%, followed by Recreation and Culture at 4%, while Transport rose by only 1.7%.
  • President Javier Milei commended Economy Minister Luis Toto Caputo as the greatest in history, highlighting the ongoing reduction in inflation supported by a fiscal surplus, regulated monetary policy, and a flexible exchange rate.
  • The 2.8% CPI surprised many who expected 5%–7%, fueling hopes for further inflation stabilization in May 2025.
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Chequeado broke the news in on Wednesday, May 14, 2025.
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