Argentina's inflation rate ended 2023 at a staggering 211.4%, having peaked near 300% in April 2024.

A recent poll conducted by central bank analysts predicts that inflation will drop to 117.8% by the end of 2024, with expectations of it reaching double digits in 2025 at 25.9%.

Monthly inflation estimates for December range between 2.3% and 3.0%, driven mainly by rising food and entertainment prices during the holiday season.

Management & Fit consulting firm noted that meat prices are expected to significantly contribute to the overall increase in food prices, alongside anticipated hikes in healthcare and education sectors.

Economist Ignacio Ruiz from Ecolatina indicated that core inflation, which excludes volatile food and energy prices, is expected to reach around 3% in December.

The official December inflation data from Argentina's INDEC statistics agency is set to be released on January 14, 2025.

Clara Alesina from Fundacion Libertad y Progreso highlighted that 2024 has seen notable progress in economic stabilization, with annual inflation expected to decrease to below 30%, marking the lowest level since 2017.

For December 2024, analysts project monthly inflation to rise by 2.7%, up from 2.4% in November, reflecting a slight increase in price pressures.