Recent monthly inflation readings in Argentina, including a 1.7% August print that marked the lowest pace in 14 months and a 33.5% year-over-year rate, have anchored trader expectations for full-year 2026 CPI around the 30% mark. Private consultancies project September and October monthly gains near 1.8-2.0%, driven by food prices, regulated adjustments, fuels, and seasonal factors, aligning closely with the OECD’s 30.8% forecast and the central bank’s REM survey consensus near 30%. These outcomes reflect sustained disinflation under the current policy framework of fiscal restraint and exchange-rate management, tempered by sticky core components and external cost pressures that limit the scope for a sharper drop below 25% or a rebound above 35%.