Market predictions: inflation is estimated at 1.8% for June and 27% for all of 2025.
The survey conducted by the Central Bank with various consulting firms shows that the expectation of a downward trend in the Consumer Price Index remains. They forecast that the CPI will remain below 2% in the coming months.
Analysts estimated monthly inflation of 1.8% for June and 27% for all of 2025 , according to the Market Expectations Survey ( REM ) , released today by the Central Bank ( BCRA ).
The survey, which includes consulting firms, local and international research centers, and 11 Argentine financial institutions, yielded an estimate of 1.8% for the June CPI , higher than the 1.5% actually recorded by INDEC in May .
Regarding the Core CPI , the REM participants set their estimates for June at 1.9%.
For the following months, there was a slight downward correction in inflation projections, with monthly figures consistently remaining below 2.0%.
On the other hand, in the June survey, the REM group of analysts estimated that seasonally adjusted quarterly GDP between April and June would have grown 0.4% compared to the first quarter of 2025 and projected it to accelerate to a growth rate of 0.7% in the third quarter of the year, before expanding 0.6% in the fourth quarter.
By 2025, they expect real GDP to be 5.0% higher than the 2024 average.
Regarding the exchange rate, the median nominal exchange rate projection was $1.207 per dollar for the July 2025 average. The top 10 analysts' average nominal exchange rate forecast for July is $1.201/USD.
For December 2025, participants forecast a nominal exchange rate of $1.324/USD , which results in an expected year-over-year change of 29.7%. The December forecast rose 2.4 percentage points compared to the May REM.
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