Argentina’s annual inflation rate stood at 33.5% year-over-year through August 2026, with the monthly pace easing to a 14-month low of 1.7%, reflecting continued disinflation under the Milei administration’s fiscal surplus and monetary restraint. Market-implied odds concentrate on the 30.0-34.9% band at 61.1% and the 25-29.9% range at 32.5%, aligning with Central Bank REM and BBVA forecasts for a year-end print near 29-30%. Recent data show core inflation and regulated price adjustments—such as utilities—remaining sticky, while a stable peso and moderating monthly gains limit downside risks. Analysts note that further deceleration hinges on sustained fiscal discipline and exchange-rate stability amid uneven economic activity, with September CPI data expected shortly to refine the trajectory.