Recent monthly inflation data and private-sector consensus forecasts anchor trader sentiment around the 30.0-34.9% range for Argentina’s 2026 annual rate. September consumer prices rose 1.9% month-over-month—marking the second consecutive reading below 2%—lifting the year-over-year measure to 33.4%, while the Central Bank’s REM survey projects a December-to-December rate near 30%. The IMF raised its 2026 average inflation estimate to 32.5% and lowered growth to 2.1%, reflecting softer activity and slower disinflation. Core inflation eased to 1.7%, supporting expectations of further moderation toward year-end amid sustained fiscal tightening, though upside risks from regulated prices and services persist.