Argentina's monthly consumer inflation fell from 3.5% in September to 2.7% in October 2024 — the lowest since November 2021. The annual rate slipped below 200% for the first time since last November, according to data from the Instituto Nacional de Estadística y Censos (INDEC).
The Economy Ministry said the INDEC statistics bureau's number published Tuesday are “consistent with a deepening [of] the disinflation process.” Consumer prices in Argentina have reportedly risen 107% in the first 10 months of the year and 193% over the past 12 months.