Argentina's National Institute of Statistics and Census reported that the Consumer Price Index for December 2023 increased by 25.5%, accumulating a total increase of 211.4% over the 12 months of the year. Indec's report detailed that miscellaneous goods and services, health, and transportation saw the highest increases, while education and housing, water, electricity, and other fuels had smaller rises. President Javier Milei stated that his government inherited a disaster and implemented a deeper adjustment plan than what was requested by the International Monetary Fund, aiming for an inflation rate of around 25%. Economic forecasts predict inflation to reach 213% this year, with experts expecting monthly rates to decline gradually, and the economy to contract by 2.6% for the entire year.