Inflation rates by country and year

0%55%109.9%164.9%219.9%
0%55%109.9%164.9%219.9%
201834.3%
202148.4%
2024219.9%
Source: World Bank

Data: World Bank, annual %. For information only — not financial advice.

Year2024Inflation Rate219.9%

Behind the curve

Turning points in Argentina

  1. 1989↑ Upward pressure

    The 1989 hyperinflation and food riots — Wikipedia (opens in a new tab)

    Rampant money printing and collapsing confidence drove Argentina into hyperinflation in 1989–90, triggering food riots and the early end of the Alfonsín presidency.

    Outside the available chart data.

    INDEC · Índice de Precios al Consumidor
  2. 2001↕ Mixed effects

    The corralito and sovereign default — Wikipedia (opens in a new tab)

    The fixed-exchange-rate Convertibility regime collapsed. Bank deposit freezes ('corralito') and the default on public debt produced a deep crisis; the later devaluation changed the price picture.

    Outside the available chart data.

    Banco Central de la República Argentina
  3. 2018↑ Upward pressure

    The 2018 monetary crisis — Wikipedia (opens in a new tab)

    A run on the peso and a jump in inflation forced the Macri government to seek a record IMF loan. The depreciation fed through to prices and inflation re-accelerated.

    INDEC · Índice de Precios al Consumidor
  4. 2019↑ Upward pressure

    The 2019 election shock — Wikipedia (opens in a new tab)

    The August primary result and the prospect of policy reversal triggered a sharp peso depreciation, lifting inflation as uncertainty about debt and the exchange rate grew.

    Banco Central de la República Argentina
  5. 2023↑ Upward pressure

    The 2023 hyperinflation surge — Wikipedia (opens in a new tab)

    Money-financed deficits pushed annual inflation to its highest level since the early 1990s. Javier Milei's December shock therapy began to slow price growth only the following year.

    INDEC · Índice de Precios al Consumidor

These are selected historical influences, not a complete account of inflation. An upward-pressure event can coincide with a peak when its inflationary effect has already occurred or when other forces begin pushing inflation lower. The markers show the years in which events occurred, although their effects may extend into later years.

What is the inflation in Argentina?

The annual inflation rate in Argentina was 219.9% in 2024, the most recent year in the World Bank dataset. That means prices rose 219.9% on average compared with the year before. Use the chart above to explore Argentina's full inflation history from 2018 to 2024, and to compare it with any other country.

How inflation in Argentina has changed

Inflation in Argentina peaked at 219.9% in 2024 and reached its lowest point at 34.3% in 2018. Averaged across the 7 years of available data (2018–2024), the rate has been 86.3% per year.

Frequently asked questions about inflation in Argentina

What is the current inflation rate in Argentina?

The latest available annual figure is 219.9% in 2024, from the World Bank. Because the figures are reported annually, they may not reflect the most recent monthly reading published by Argentina's statistical office.

What was the highest inflation rate in Argentina?

The highest annual inflation rate on record is 219.9%, reached in 2024.

What was the lowest inflation rate in Argentina?

The lowest annual inflation rate on record is 34.3%, recorded in 2018.

Where does the inflation data for Argentina come from?

All figures come from the World Bank's World Development Indicators (indicator FP.CPI.TOTL.ZG), which report annual consumer price inflation for more than 200 countries and territories from 1960 onward.