Inflation in CABA dropped to 2.5% and was the lowest since November 2025.

Inflation in the City of Buenos Aires slowed down again in April, marking a new positive signal for the government of Javier Milei.

According to the report from the Institute of Statistics and Censuses of the City of Buenos Aires, the city’s CPI recorded a 2.5% monthly increase, below the 3% of March and becoming the lowest inflation rate since November 2025.

This data fuels expectations that the national index will also confirm a slowdown after several months of inflationary tension.

Inflation continues to decline

The result for April consolidates a downward trend that the national government seeks to maintain through:

• Fiscal balance

• Reduction of monetary issuance

• Ordering of relative prices

• Economic deregulation

In the first four months of 2026, inflation accumulated 11.6%, while the year-on-year variation stood at 32.4%.

The government expects a positive national figure

The city data generates optimism in the Casa Rosada regarding the national index that INDEC will release.

Private consultancies surveyed by the Central Bank project inflation close to 2.6% for April, which would mark the first significant slowdown in almost a year.

Transport and services explained much of the increase

The main impact on the general index came from the Transport category, which rose 5.4% mainly due to:

• Updates in fuel prices

• Increase in airfares

• Increases in urban buses

Nevertheless, the overall slowdown managed to prevail thanks to moderation in other key sectors.

Food showed a strong slowdown

One of the most relevant data points was the behavior of Food and non-alcoholic beverages, which increased by only 1.4%.

Even some products recorded declines:

• Fruits: -4.3%

• Residential gas: -2.4%

Additionally, meat prices hardly moved in April, with a minimal increase of 0.3%.

This is particularly relevant because food often has one of the greatest social and political impacts on inflation.

Milei begins to consolidate the disinflation process

The national government believes that the data is starting to show concrete results from the fiscal and monetary adjustment initiated in December 2023.

While Argentine inflation accelerated steadily for years, it is now beginning to show:

• Lower monthly rate of increases

• Decline in core inflation

• Moderation in food prices

• Greater exchange rate stability

Challenges persist in services and regulated sectors

The report also showed that services continue to grow above goods.

Among the categories that increased the most are:

• Prepaid medicine

• Building fees

• Restaurants

• Communication

• Transport

Regulated prices advanced 3.3% in April, mainly driven by tariff adjustments and fuel prices.

An economic trend change

Despite inflation still being at high levels, the sustained slowdown is beginning to change economic expectations.

The drop to 2.5% in CABA represents:

• The lowest inflation since November 2025

• A positive signal for the government

• A partial relief for consumption

• An indication of economic stabilization

In the Casa Rosada, they believe that the process has just begun and are betting on continuing to reduce the inflation rate in the coming months.