After the consolidation observed in the inflation path over the past few months and the expectations of lower inflation, the BCRA has established a new crawling peg at 1% per month as from February 1, 2025.
In a context of economic activity recovery and seasonal price increase, both inflation over the past few months and high-frequency observations confirm that inflation has posted a downward trend, below the market expectations surveyed.
The exchange rate adjustment continues to serve as a supplementary anchor to inflation expectations.
