INDEC
INDEC crisis after Marco Lavagna's resignation
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Marco Lavagna's resignation as INDEC director has sparked a crisis in Argentina's statistics agency, with accusations of data manipulation to support Javier Milei's government narrative. Analysts draw parallels to Kirchnerist practices, as the administration attempts damage control and plans a new inflation index for August 2026.
The National Institute of Statistics and Censuses (INDEC) revealed that Argentina obtained a gain of US$ 3.509 million in 2025 thanks to improved terms of trade, driven by a sharper drop in import prices than in exports. Import prices fell 4.5% year-over-year, while export prices declined only 0.6%, raising the index by 4%. This evolution contributed to a trade surplus of US$ 11.286 million.
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Marco Lavagna resigned from directing INDEC after disagreements with the government on implementing the new Consumer Price Index for January. Minister Luis Caputo confirmed the methodological change will be postponed until disinflation is consolidated, appointing Pedro Lines as the new head. January inflation is estimated at 2.5%, according to official projections.
The National Institute of Statistics and Censuses (INDEC) reported that Argentina's tourism balance was negative in September by 562,200 visitors, marking the twentieth consecutive month of this deficit. More Argentines traveled abroad than foreigners arrived in the country, exacerbating the outflow of foreign currency. Foreign tourists spent $208.5 million, while Argentines spent $598.2 million abroad.