Central Bank survey sees inflation dipping below 2% from August

Private economists, economists and financial institutions expect Argentina's monthly inflation rate to fall below two percent from August for the first time in several months.

According to the Central Bank’s latest poll of leading firms and experts, Argentina will record an annual inflation rate of around 30 percent in 2026.

The Central Bank's monthly Relevamiento de Expectativas de Mercado (REM) survey, released on Monday, showed analysts expect consumer prices to rise two percent in both June and July before easing to 1.8 percent in August and September.

Inflation is then forecast to slow further to 1.7 percent in October and November, before edging up to 1.8 percent in December.

The June forecast was revised down by 0.1 percentage point from the previous survey. Among the group of forecasters with the strongest recent track record, known as the Top 10, the median estimate for June inflation was lowered to 1.9 percent.

The Central Bank said there remained little dispersion among analysts' forecasts, suggesting a broad consensus that disinflation will continue through the second half of the year.

On the exchange rate, respondents forecast the official peso would end the year at around 1,673 per US dollar.

The REM compiles forecasts from private consultancies, banks and research centres and is closely watched by investors and businesses as a gauge of market expectations. It does not represent the Central Bank's official forecast.

– TIMES/NA