Argentina’s March inflation climbs to 3.4%, the highest of 2026

Argentina’s inflation rate for March was 3.4%, according to a report by the government’s statistics agency, INDEC, released on Tuesday. The figure was once again higher than the previous month, marking the tenth consecutive month that the inflation rate had not gone down. It is also the second-highest figure over the past 12 months, trailing only the 3.7% registered in March 2025.   Prices increased 32.6% interannually. The economic sector with the largest monthly jump was education, with a 12.1% jump that coincides with the beginning of school. The second largest increase was transport, a 4.1% jump propelled by rises in fuel, as well as ticket prices for public transport and air travel.  Housing, water, electricity, gas, and other fuels saw a 3.7% bump, mostly driven by the rise in utility bills in most provinces. Recreation and culture (3.6%), restaurants and hotels (3.4%), and food and non-alcoholic beverages (3.4%) followed. In the first three months of the year, accumulated inflation was 9.4%. The government’s 2026 budget had forecast a 10.1% increase in prices for the entire year.