The Consumer Price Index (CPI) for August stood at 2.5%, the lowest level since July 2020. However, from a year ago, inflation reached 51.4%. Inflation has slowed since March as the government has tightened its grip on the peso’s decline (crawling peg), in an effort to anchor expectations. As the government is preparing to boost spending before November elections, it could impact prices in the last quarter. The most significant increases were in Health (4.2%), Education (4.2%), Recreation and culture (3.7%), Clothing and shoes (3.4%), and Food and beverages (1.5%). The Relevamiento de Expectativas de Mercado (REM) of the Central Bank (BCRA) forecast a rise of 48.4% for this year and 43.1% for next year.