Mass consumption increased by 2.9% in June and grew by 4% year on year.

In June 2025, the Consumption Indicator (IC) prepared by the Argentine Chamber of Commerce and Services (CAC) recorded a 4% increase year-on-year thanks to the stabilization of the economy achieved by the Government of Javier Milei.

When applying a seasonal adjustment to eliminate calendar-related variations, the index showed a 2.9% increase compared to May. This way, the indicator confirmed the continuity in the recovery of consumption during 2025, consolidating a positive trend.

During that month, CAC estimated that the average nominal household income reached $1,995,000, which represented a real improvement of 1.8% compared to the previous month. This rebound in income, together with a more moderate behavior of prices, created a more favorable environment for families to maintain and even increase their level of spending on goods and services.

Monthly inflation stood at 1.6% in June, repeating the figure recorded in May and extending a period of stability not seen since the first months after the pandemic. Year-on-year, inflation reached 39.4%, while so far this year the accumulated figure has reached 15.1%.

The CAC report also highlighted that, although credit shows a slowdown, it continues on an upward path, especially regarding financing for the acquisition of durable goods. This development, together with the deceleration of inflation since May, acted as an additional factor to boost the recovery of consumption.

According to the monthly series prepared by the Argentine Chamber of Commerce and Services, the Consumption Indicator maintained positive results in every month of 2025. Thus, consumption in the first half of the year already exceeds that of the same period in 2019: the June figure was 2.7% higher than that recorded in that month four years ago, while the accumulated figure between January and June was 0.6% higher.

In this scenario, CAC forecasts that household disposable income will continue to grow during the rest of the year, particularly in the final months, in line with a possible acceleration of economic activity.