Argentina: alcoholic beverages and tobacco y-o-y inflation rate 2017-2024, by month

In August 2024, the inflation rate of alcoholic beverages and tobacco increased by 230.7 percent compared to the same month of the previous year.

Inflation in Argentina

For decades now, Argentina has struggled with one of the highest inflation rates in Latin America and the Caribbean. It is seen as the biggest problem in the country, and its impacts are felt in every aspect of life, including communications, housing, water, electricity, and gas, health services, transport, and food and beverages.

Food inflation

In August 2024, the Consumer Price Index (CPI) for food and non-alcoholic beverages in Argentina reached 7,611, the highest level in recent history, and over 237 percent higher than a year before. Despite this being a national problem, not all regions are affected the same way, and this increase has been felt most strongly in the Patagonia region. The lowest inflation rate, while still high, was recorded in the Northeast.