Inflation in Argentina rose to 2.2% in October, according to a report released Thursday by the national statistics agency INDEC.
The figure marks the second consecutive monthly increase, following a reading of 1.9% in September. It is the first time in three months that the inflation has exceeded the 2% mark.
The October reading was also the highest since the 2.6% recorded in April this year.
However, there was some good news for Javier Milei’s government. Core inflation stood at 1.5%, down from 1.7% the previous month.
In fact, core inflation has been this low only once during Milei’s administration, in July 2025.
The last time core inflation was lower was November 2017, when it stood at 1.3%.
Prices rose 33.1% year-on-year, while inflation for the first ten months of 2026 reached 26.3%.
This is a developing story. Check back for updates.