The inflation rate for consumer prices in Argentina moved over the past 42 years between -1.2% and 3,079.8%. For 2022, an inflation rate of 94.8% was calculated.
During the observation period from 1980 to 2022, the average inflation rate was 206.2% per year. Overall, the price increase was 902.38 billion percent. An item that cost 100 pesos in 1980 costs 902.38 billion pesos at the beginning of 2023.
For November 2023, the year-over-year inflation rate was 160.9%.
Performance over the last 42 years compared with the USA
In only a few countries are negative inflation rates achieved. This means that the general price level is declining and consumer prices get cheaper. This is called deflation. In comparison to most other countries, the drastic price increases are no longer average. Usually this is a sign of political and economic turmoil.
Performance based on 100% in 1979:
Inflation calculator for Argentina
Enter any amount, a start year and an end year here. You will then be shown the amount that resulted from the original amount after inflation.
100 pesos in 1980 will still be 100 pesos in 2023. The nominal value does not change. What does change, is the purchasing power. In other words, the amount of goods that can be bought with this money. As inflation increases, this amount decreases.
Example: The purchasing power of 100 pesos in 1980 corresponds to that of 902,382,027,878.16 pesos at the beginning of 2023. Conversely, in 1980 you could buy as much with -0.18 pesos as you can today with 1000 pesos.
Inflation rates for consumer goods in Argentina
Historical inflation rates in comparison
| Year | Argentina | Ø EU | Ø USA | Ø World |
|---|---|---|---|---|
| 2022 | 94.80 % | 8.83 % | 8.00 % | 7.97 % |
| 2021 | 48.41 % | 2.55 % | 4.70 % | 3.47 % |
| 2020 | 42.02 % | 0.48 % | 1.23 % | 1.94 % |
| 2019 | 53.55 % | 1.63 % | 1.81 % | 2.21 % |
| 2018 | 34.28 % | 1.74 % | 2.44 % | 2.44 % |
| 2017 | 25.68 % | 1.43 % | 2.13 % | 2.22 % |
| 2016 | 26.50 % | 0.18 % | 1.26 % | 1.61 % |
| 2014 | 23.90 % | 0.20 % | 1.62 % | 2.35 % |
| 2013 | 10.62 % | 1.22 % | 1.46 % | 2.62 % |
| 2012 | 10.03 % | 2.66 % | 2.07 % | 3.73 % |
| 2011 | 9.47 % | 3.29 % | 3.16 % | 4.82 % |
| 2010 | 10.78 % | 1.53 % | 1.64 % | 3.35 % |
| 2009 | 6.28 % | 0.84 % | -0.36 % | 2.94 % |
| 2008 | 8.58 % | 4.16 % | 3.84 % | 8.95 % |
| 2007 | 8.83 % | 2.51 % | 2.85 % | 4.82 % |
| 2006 | 10.90 % | 2.67 % | 3.23 % | 4.28 % |
| 2005 | 9.64 % | 2.49 % | 3.39 % | 4.11 % |
| 2004 | 4.42 % | 2.29 % | 2.68 % | 3.38 % |
| 2003 | 13.44 % | 2.09 % | 2.27 % | 3.03 % |
| 2002 | 25.87 % | 2.42 % | 1.59 % | 2.83 % |
| 2001 | -1.07 % | 3.37 % | 2.83 % | 3.84 % |
| 2000 | -0.94 % | 3.15 % | 3.38 % | 3.49 % |
| 1999 | -1.17 % | 2.16 % | 2.19 % | 3.08 % |
| 1998 | 0.92 % | 2.42 % | 1.55 % | 5.11 % |
| 1997 | 0.53 % | 3.11 % | 2.34 % | 5.57 % |
| 1996 | 0.16 % | 3.56 % | 2.93 % | 6.55 % |
| 1995 | 3.38 % | 4.43 % | 2.81 % | 9.15 % |
| 1994 | 4.18 % | 4.72 % | 2.61 % | 10.32 % |
| 1993 | 10.61 % | 4.85 % | 2.95 % | 7.51 % |
| 1992 | 24.90 % | 6.22 % | 3.03 % | 7.71 % |
| 1991 | 171.67 % | 5.48 % | 4.23 % | 9.00 % |
| 1990 | 2,313.96 % | 6.15 % | 5.40 % | 8.13 % |
| 1989 | 3,079.81 % | 6.26 % | 4.83 % | 7.00 % |
| 1988 | 342.96 % | 4.54 % | 4.08 % | 7.15 % |
| 1987 | 131.33 % | 4.02 % | 3.66 % | 5.76 % |
| 1986 | 90.10 % | 3.68 % | 1.90 % | 5.82 % |
| 1985 | 672.18 % | 5.40 % | 3.55 % | 6.86 % |
| 1984 | 626.72 % | 7.67 % | 4.30 % | 8.12 % |
| 1983 | 343.81 % | 8.67 % | 3.21 % | 8.77 % |
| 1982 | 164.78 % | 9.58 % | 6.13 % | 10.24 % |
| 1981 | 104.48 % | 11.77 % | 10.33 % | 12.47 % |
| 1980 | 100.76 % | 12.91 % | 13.55 % | 13.98 % |
Data basis: International Monetary Fund, World Bank and OECD Inflation CPI indicator (doi:10.1787/eee82e6e-en)
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