# Monthly inflation slows to 13% as Milei’s cuts bite | Buenos Aires Times

> Argentina's monthly inflation slowed to 13.2% in February from 20.6% in January, below expectations of 15%. Annual inflation rose to 276.2%, the fastest since the early 1990s. The central bank surprised markets by cutting its rate to 80% from 100%.

- Date: 2024-03-12 · published 2024-03-12T12:00:00.000Z
- Category: macro · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/31492-monthly-inflation-slows-to-13-as-milei-s-cuts-bite-buenos-aires-times
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

Slowing inflation and a rate cut support peso stability, which can lessen pressure on Argentine farmers to sell grain and meal, though recession is curbing domestic demand.

## Read by commodity

- USDARS: bearish ▼

## Sources

- batimes.com.ar: https://www.batimes.com.ar/news/economy/argentinas-monthly-inflation-slows-to-13-as-mileis-cuts-bite.phtml

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.