**Argentina’s ongoing disinflation, anchored by tight fiscal and monetary policy under the Milei administration, continues to shape trader expectations for September monthly CPI.** August’s 1.7% print—the lowest in 14 months—followed July’s 2.1% and reinforced the downward trend, with annual inflation easing to 33.5%. Analysts surveyed by the Central Bank’s REM project readings near 1.8% for both August and September, while BBVA Research forecasts 1.6%, citing a stable peso, contained core pressures, and moderating seasonal and regulated price adjustments. These factors position the 1.6–2.1% range as the dominant market-implied outcomes, reflecting broad consensus on persistent but gradual moderation ahead of the mid-October release.