Argentina’s inflation rate stabilized at 2.9% in February, maintaining the same monthly level recorded in January, according to official data released by the national statistics agency. The figure suggests that price increases have stopped accelerating, raising expectations that inflation could begin a new downward trend in the coming months.

With the February result, inflation accumulated 5.9% during the first two months of the year and 33.1% over the last twelve months, reflecting the continued normalization of price dynamics after the extreme inflation levels Argentina faced in previous years.

Key Factors Behind February Inflation

The sector that registered the largest increase during February was housing, water, electricity, gas and other fuels, which rose about 6.8%, mainly due to adjustments in utility tariffs and the gradual reconfiguration of subsidy schemes.

Food and beverages also contributed to the monthly index, although some categories showed slower increases compared with previous months. Analysts note that seasonal price adjustments and the ongoing normalization of regulated prices played an important role in shaping February’s inflation figure.

Expectations for a New Disinflation Phase

Economists and government officials believe that the stabilization of the index may signal a turning point in the inflation trajectory, with projections pointing toward renewed deceleration later in the year as monetary and fiscal reforms continue to take effect.

President Javier Milei has repeatedly stated that inflation is expected to resume a downward path after the first quarter, as structural economic adjustments and fiscal discipline begin to consolidate macroeconomic stability.

A Critical Indicator for Argentina’s Economic Transformation

The stabilization of inflation is seen as a key milestone in Argentina’s broader economic transformation strategy, which aims to restore price stability, attract investment, and rebuild confidence in the country’s financial system after years of chronic inflation.