The OECD forecasts 250.6% inflation in Argentina in 2024, following a sharp rise in prices at the end of 2023.

OECD projections reflect a strong acceleration in headline inflation at the end of 2023, with a significant impact on average annual inflation in 2024. The over 50% devaluation of the peso by Argentina's new leader has led to strong price increases, and the country is the only G20 member expected to enter recession in 2024.