As every month, the National Institute of Statistics and Census (INDEC) will announce in the middle of the month the November price index. The dates will be announced this Thursday, December 11, 2025, at 4 p.m.
According to the data collected, the Consumer Price Index (CPI) is of November will be above 2% again. The next precedent is the one that emerged this Wednesday, namely inflation in Buenos Aires, which recorded a slight increase and was at 2.4%.
Due to the increased prices of meat and fruit, the price index of the city of Buenos Aires rose again last month. recorded an increase of 28.3% in the first 11 months of the year, with an annual increase of 32.6%, according to the Buenos Aires Institute of Statistics and Census.
From the lowest rate of 1.6% in August, the consumer price index rose to 2.2% in September and 2.3% in October, although it has now increased for three months in a row.
The largest increases in food last month were recorded in meat and by-products (4.5%), fruits (6.8%), sugar (3.2%) and oil, butter and fats (2.9%), while decreases in vegetables and legumes (5.1%).
Another piece of information that serves as a prelude to the figure that will be announced this Thursday is that of the BCRA expectations survey, which includes the estimates of 42 consulting firms and financial institutions. The REM also showed encouraging signs in terms of price. The market expects monthly inflation of 2% in December, and an annual total of 29.6% for 2025. In the first months of 2026, the downward momentum would continue: 1.8% in January, 1.7% in February, 1.8% in March and 1.6% in April.
Analysts also predict that the Core inflation remains at around 2% in the final months of the yearbefore a sharper decline began in December.
However, private consulting firms predict in their individual analysis that the nationwide figure for the eleventh month of the year will be slightly higher, namely over 2.3%. The increase would continue to be influenced by the sharp increase in meat since September and the list of increases in regulated services.
The CPI has been rising steadily since the middle of the year: it was 1.5%; then 1.6% in June and 1.9% in July and August. From then on, a slight upward increase began: 2.1% in September and 2.3% in October.
Javier Milei’s goal of reducing inflation to 5% annually by the end of his term in office is not at the forefront of private forecasts. According to LatinFocus, which surveys more than 30 consulting firms and banks, Argentina’s inflation would be 23% in 2026 and 15% in 2027. The central bank’s Market Expectations Survey (REM) is slightly more optimistic, but remains in double digits: 18.2% by 2026 and 12% by 2027. The government, on the other hand, is planning The 2026 budget forecast inflation at 10.1% for this year and 5.9% for 2027. Short term The REM estimates that 2025 will end with inflation of 30.4%. after 117% in Milei’s first year and 211% in 2023.
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