Argentina’s inflation rate rose by 2.4% in February, surpassing the 2.3% median estimate, with annual inflation slowing to 66.9%. The central bank’s strategy to slow the peso’s depreciation to 1% per month aims to curb domestic prices but may affect currency competitiveness and trade balance. Economists expect year-on-year inflation to drop to 23% this year, with the government projecting 18% in its 2025 budget.