Annual inflation nosedives in boost for Milei; Prices rose 2.7% last month, reports INDEC; Bureau’s data shows inflation fell almost 94 points year-on-year.

The only slight acceleration from the 2.4% monthly inflation logged in November, which analysts attributed to typical seasonal price rises, was seen as good news by markets, who expect inflation to keep cooling in 2025. The December data "confirms the disinflation process is continuing," Economy Minister Luis Caputo said on X.

Confronted with a financial crisis, Argentina concluded the year 2024 with inflation at nearly 118 percent, significantly lower than the previous year, according to official data. The government expressed satisfaction,