According to a survey by the Central Bank of Argentina on March 10, analysts forecast that Argentina's inflation could reach 23.3% in 2025. This is 0.1 percentage point higher than the forecast last month.

Analysts also revised up their forecast for Argentina's annual economic growth for 2025 to 4.8%, up 0.2 percentage points from the previous forecast.

Argentina's inflation in January fell to 2.2%, its lowest level since mid-2020. Illustration photo

The survey was conducted from February 26 to 28, with the participation of 39 subjects, including consulting firms, research centers and financial institutions.

Argentina's INDEC statistics agency is scheduled to release February inflation data on March 14 and economic growth data for the fourth quarter of 2024 on March 19.

In late January, the central bank cut its benchmark interest rate to 29% from 32%, citing a downward trend in inflation. Argentina's inflation rate fell to 2.2% in January, its lowest since mid-2020.

Annual inflation in South America's second-largest economy hit nearly 300% early last year, but has since eased to double digits, reaching around 85% in January, when hotel, housing and utility bills saw the sharpest increases.

Argentine analysts have predicted that February inflation could remain at or slightly higher than January, although the downward trend will continue for the rest of the year.

Reducing inflation is a top priority for the government of Argentine President Javier Milei, who has implemented strict fiscal austerity measures and is trying to maintain economic recovery momentum while seeking additional loans from the International Monetary Fund (IMF).