The only slight acceleration from the 2.4% monthly inflation logged in November, which analysts attributed to typical seasonal price rises, was seen as good news by markets, who expect inflation to keep cooling in 2025. The December data "confirms the disinflation process is continuing," Economy Minister Luis Caputo said on X.

Consumer prices rose 2.7% last month, reports INDEC; Data published by national statistics bureau indicates that inflation in 2024 fell almost 94 points year-on-year.

Argentina's monthly inflation ticked up a tad in December, data showed on Tuesday, though the annual rate slowed further as libertarian President Javier Milei pushed tough spending cuts and austerity measures.