Inflation in Argentina
In the year to July 2026, consumer prices in Argentina rose 33.8%, up from 33.5% a month earlier. Since January 1943 prices have risen 11,670,204,000,000,000,000%, which means $100 then buys what $11,670,204,000,000,000,000 buys now, so the same basket of goods costs 116,702,040,000,000,000 times what it did.
Cumulative & Yearly Inflation
Inflation in Argentina by year
Inflation is the change in that year's average prices against the year before, which is the figure usually quoted. The last two columns take $100 in January of that year and show what it is worth in July 2026, the most recent month on record. Only years measured in full are listed, so the year now running appears once it ends.
| Year | Inflation | $100 is now | Cumulative inflation |
|---|---|---|---|
| 1950 | 25.6% | 4,486,385,720,000,000,000 | 4,486,385,720,000,000,000% |
| 1970 | 13.6% | 54,484,511,300,000,000 | 54,484,511,300,000,000% |
| 1990 | 2,314.0% | 4,693,924 | 4,693,824% |
| 2020 | 42.0% | 4,166.72 | 4,066.7% |
| 2025 | 41.9% | 153.56 | 53.6% |
Every year from 1944 to 2025
| Year | Inflation | $100 is now | Cumulative inflation |
|---|---|---|---|
| 1944 | -0.3% | 12,074,653,500,000,000,000 | 12,074,653,500,000,000,000% |
| 1945 | 19.8% | 10,860,002,900,000,000,000 | 10,860,002,900,000,000,000% |
| 1946 | 17.6% | 8,925,232,900,000,000,000 | 8,925,232,900,000,000,000% |
| 1947 | 13.6% | 8,113,676,340,000,000,000 | 8,113,676,340,000,000,000% |
| 1948 | 13.1% | 7,114,340,110,000,000,000 | 7,114,340,110,000,000,000% |
| 1949 | 31.1% | 5,857,844,880,000,000,000 | 5,857,844,880,000,000,000% |
| 1950 | 25.6% | 4,486,385,720,000,000,000 | 4,486,385,720,000,000,000% |
| 1951 | 36.7% | 3,644,268,540,000,000,000 | 3,644,268,540,000,000,000% |
| 1952 | 38.7% | 2,312,144,440,000,000,000 | 2,312,144,440,000,000,000% |
| 1953 | 4.0% | 2,043,942,830,000,000,000 | 2,043,942,830,000,000,000% |
| 1954 | 3.8% | 2,072,963,550,000,000,000 | 2,072,963,550,000,000,000% |
| 1955 | 12.3% | 1,790,801,830,000,000,000 | 1,790,801,830,000,000,000% |
| 1956 | 13.4% | 1,651,368,070,000,000,000 | 1,651,368,070,000,000,000% |
| 1957 | 24.7% | 1,412,614,960,000,000,000 | 1,412,614,960,000,000,000% |
| 1958 | 31.6% | 1,142,204,240,000,000,000 | 1,142,204,240,000,000,000% |
| 1959 | 113.7% | 626,383,316,000,000,000 | 626,383,316,000,000,000% |
| 1960 | 26.6% | 356,085,517,000,000,000 | 356,085,517,000,000,000% |
| 1961 | 13.7% | 328,667,663,000,000,000 | 328,667,663,000,000,000% |
| 1962 | 26.1% | 276,165,102,000,000,000 | 276,165,102,000,000,000% |
| 1963 | 26.0% | 211,602,105,000,000,000 | 211,602,105,000,000,000% |
| 1964 | 22.1% | 164,646,938,000,000,000 | 164,646,938,000,000,000% |
| 1965 | 28.6% | 144,066,032,000,000,000 | 144,066,032,000,000,000% |
| 1966 | 31.9% | 102,720,730,000,000,000 | 102,720,730,000,000,000% |
| 1967 | 29.2% | 81,068,969,700,000,000 | 81,068,969,700,000,000% |
| 1968 | 16.2% | 62,830,877,000,000,000 | 62,830,877,000,000,000% |
| 1969 | 7.6% | 58,052,273,900,000,000 | 58,052,273,900,000,000% |
| 1970 | 13.6% | 54,484,511,300,000,000 | 54,484,511,300,000,000% |
| 1971 | 34.7% | 42,765,267,800,000,000 | 42,765,267,800,000,000% |
| 1972 | 58.5% | 29,133,592,900,000,000 | 29,133,592,900,000,000% |
| 1973 | 60.3% | 17,848,346,000,000,000 | 17,848,346,000,000,000% |
| 1974 | 24.2% | 13,776,785,300,000,000 | 13,776,785,300,000,000% |
| 1975 | 182.8% | 9,010,426,980,000,000 | 9,010,426,980,000,000% |
| 1976 | 444.0% | 1,957,251,930,000,000 | 1,957,251,930,000,000% |
| 1977 | 176.0% | 440,835,894,000,000 | 440,835,894,000,000% |
| 1978 | 175.5% | 161,317,269,000,000 | 161,317,269,000,000% |
| 1979 | 159.5% | 60,092,589,100,000 | 60,092,589,100,000% |
| 1980 | 100.8% | 26,366,447,700,000 | 26,366,447,700,000% |
| 1981 | 104.5% | 14,361,982,400,000 | 14,361,982,400,000% |
| 1982 | 164.8% | 5,820,037,960,000 | 5,820,037,960,000% |
| 1983 | 343.8% | 1,813,340,430,000 | 1,813,340,430,000% |
| 1984 | 626.7% | 350,159,434,000 | 350,159,434,000% |
| 1985 | 672.2% | 39,963,451,600 | 39,963,451,500% |
| 1986 | 90.1% | 9,999,987,010 | 9,999,986,910% |
| 1987 | 131.3% | 5,264,416,230 | 5,264,416,130% |
| 1988 | 343.0% | 1,889,324,630 | 1,889,324,530% |
| 1989 | 3,079.5% | 387,963,254 | 387,963,154% |
| 1990 | 2,314.0% | 4,693,924 | 4,693,824% |
| 1991 | 171.7% | 540,916 | 540,816% |
| 1992 | 24.9% | 307,281 | 307,181% |
| 1993 | 10.6% | 267,144 | 267,044% |
| 1994 | 4.2% | 250,638 | 250,538% |
| 1995 | 3.4% | 238,606 | 238,506% |
| 1996 | 0.2% | 237,045 | 236,945% |
| 1997 | 0.5% | 236,522 | 236,422% |
| 1998 | 0.9% | 235,371 | 235,271% |
| 1999 | -1.2% | 234,183 | 234,083% |
| 2000 | -0.9% | 237,617 | 237,517% |
| 2001 | -1.1% | 241,192 | 241,092% |
| 2002 | 25.9% | 239,683 | 239,583% |
| 2003 | 13.4% | 171,686 | 171,586% |
| 2004 | 4.4% | 167,105 | 167,005% |
| 2005 | 9.6% | 155,849 | 155,749% |
| 2006 | 10.9% | 139,031 | 138,931% |
| 2007 | 16.1% | 127,165 | 127,065% |
| 2008 | 23.8% | 103,714 | 103,614% |
| 2009 | 14.8% | 86,735 | 86,635% |
| 2010 | 25.9% | 72,452 | 72,352% |
| 2011 | 23.9% | 57,665 | 57,565% |
| 2012 | 23.7% | 46,752 | 46,652% |
| 2013 | 25.8% | 37,817 | 37,717% |
| 2014 | 42.7% | 27,969 | 27,869% |
| 2015 | 26.6% | 20,651 | 20,551% |
| 2016 | 38.7% | 15,291 | 15,191% |
| 2017 | 24.5% | 11,888 | 11,788% |
| 2018 | 34.3% | 9,509.82 | 9,409.8% |
| 2019 | 53.5% | 6,369.07 | 6,269.1% |
| 2020 | 42.0% | 4,166.72 | 4,066.7% |
| 2021 | 48.4% | 3,007.77 | 2,907.8% |
| 2022 | 72.4% | 1,995.99 | 1,896.0% |
| 2023 | 133.5% | 1,003.87 | 903.9% |
| 2024 | 219.9% | 283.38 | 183.4% |
| 2025 | 41.9% | 153.56 | 53.6% |
A short history of inflation in Argentina
Chronic Inflation (1940s to 1980s)
Argentine inflation is chronic rather than episodic. Across the eighty-two years to 2025, prices rose by more than 20% in fifty-three of them. The cause persisted across governments of every description: spending the state could not raise in tax, covered by borrowing from its own central bank, in an economy where widespread indexation passed each shock immediately into wages and contracts.
Hyperinflation (1989 to 1990)
The Latin American debt crisis had closed off external borrowing and confidence in the austral collapsed. Prices rose 196.6% in the single month of July 1989 and 20,263% in the year to March 1990. Rioting and looting spread from Rosario across greater Buenos Aires in May and June 1989, at least fourteen people were killed, and President Raul Alfonsin handed power to his elected successor six months ahead of schedule.
Convertibility and Its Collapse (1991 to 2001)
What ended it was the removal of the government's discretion rather than better use of it. The Convertibility Law, passed on 27 March 1991 and in force from 1 April, fixed one peso to one United States dollar and required every peso in circulation to be matched by reserves, so that money could not be created to cover a deficit. The peso replaced the austral that January at ten thousand to one, the fourth Argentine currency in under a decade. The arrangement held for ten years and broke in the crisis of December 2001.
Post-Covid Inflation (2021 to 2023)
In Argentina, prices rose 211.4% in the year to December 2023, and further still afterwards for reasons of its own, reaching 289.4% by April 2024. The causes of the post-Covid inflation were global in nature, beginning with the lockdowns: factories and ports closed and the shipping between them fell out of sequence, so goods took longer to make and longer to arrive. Governments had spent heavily supporting household incomes through those closures, so when restrictions lifted there was money waiting to be spent and not enough on the shelves to spend it on. Then in February 2022 Russia invaded Ukraine, disrupting two of the world's largest suppliers of wheat, fertiliser, oil and gas at once, and the cost of everything grown, heated or transported rose with them.
Because the causes were shared, so was the timing: most countries peaked within a few months of one another in late 2022. The major inflation events covers this episode and the others in more detail.
Common questions about inflation in Argentina
What is the current inflation rate in Argentina?
Prices in Argentina rose 33.8% in the year to July 2026. That is up from 33.5% a month earlier.
What would $100 in January 1943 be worth today?
$100.00 in January 1943 has the same buying power as $11,670,204,000,000,000,000 in July 2026, a rise of 11,670,204,000,000,000,000%.
What would $100 in January 1970 be worth today?
$100.00 in January 1970 has the same buying power as $54,484,511,300,000,000 in July 2026, a rise of 54,484,511,300,000,000%.
What would $100 in January 1990 be worth today?
$100.00 in January 1990 has the same buying power as $4,693,924 in July 2026, a rise of 4,693,824%.
What would $100 in January 2020 be worth today?
$100.00 in January 2020 has the same buying power as $4,166.72 in July 2026, a rise of 4,066.7%.
How inflation in Argentina is measured
The figures on this page come from INDEC, with the province of San Luis standing in for 2007 to early 2016 for the reasons set out below. The series is indexed so that a chosen base year equals 100, and the calculator works out the ratio between any two dates you pick.
The currency shown is the Argentine peso ($). Coverage runs from January 1943 to July 2026, and updates automatically as each new release is published. Figures for the most recent periods can be revised by the statistics office after first publication.
Argentina's figures come from three places, because no single source is both honest and complete. Up to 2006, and from April 2016, they are INDEC's own national index. In between they are the province of San Luis, which went on measuring prices when the national office could not be relied on. Between 2007 and 2015 the government manipulated INDEC's inflation figures: 2013 was published as 9.7% when San Luis measured 29.8%, and over 2007 to 2013 the official index records 85% against San Luis's 336%. INDEC then declared a statistical emergency and published no consumer price index at all between January 2014 and March 2016. Where the two can be compared, from 2016 onwards, San Luis and the national index differ by about 1% over nine years, so it stands in closely. The official figures for those years are wrong by more than double.
Use this data
Click the reference to select it.
Compare Inflation. “Inflation in Argentina.” Figures for July 2026. https://compareinflation.com/inflation-in-argentina/
Download the full series (CSV) — 1,003 months, January 1943 to July 2026, with the annual rate for each.