Argentina’s latest annual inflation rate is 220%

The latest World Bank observations put Argentina at 220% annual consumer-price inflation in 2024, compared with 34.9% for Türkiye and 3.88% for the United Kingdom in 2025, and 2.95% for the United States in 2024. Those dates matter: “latest” is not one synchronized snapshot. Even with that limitation, Argentina’s reported pace is plainly on another scale within this four-country set.

Argentina is best read first against its own available history, not merely against lower-inflation economies. Its series here begins in 2018 at 34.3%; the latest observation is 220%. That comparison establishes only that the annual rate is much higher at the two endpoints. It does not, by itself, support a claim about the route between them or the forces behind the change.

Argentina’s latest inflation rate stands apart even when the comparison is kept strictly to reported endpoints.

Different endpoints, unequal historical windows

The other starting points reach back further. In 1960, the World Bank series begins at 5.66% for Türkiye, 1% for the United Kingdom and 1.46% for the United States. At their latest observations, each is above that initial value, but the endpoint gaps are sharply unequal. In the chart, look at the first and last point for each country: Argentina’s endpoints are separated most dramatically, while its coverage is much shorter.

Annual inflation measures the change in a consumer-price index, not the level of prices. A positive rate means the index increased over the year; a lower positive rate means a slower increase, not a return to an earlier level. Argentina’s latest figure identifies an exceptionally high rate in this group. Türkiye’s is far below Argentina’s yet far above the United Kingdom and United States, whose latest readings are in the low single digits.

The unequal terminal years also counsel restraint. The cleanest direct comparisons pair Argentina with the United States in 2024 and Türkiye with the United Kingdom in 2025; both gaps are wide. The defensible headline is narrow: among these four latest observations, Argentina has the largest annual inflation rate and the shortest available historical window.