Argentina raises electricity and gas tariffs 1.6-2.2%, expands subsidies to curb inflation

Argentina's Economy Ministry raised electricity and gas tariffs by an average of 1.64% (Edenor/Edesur) and 2.24% nationwide, while maintaining consumption blocks and state aid at higher-than-expected levels. The move signals a deliberate slowdown in subsidy cuts to manage October inflation, prioritizing price stability over fiscal consolidation. Uncertainty remains over the fiscal cost and whether this marks a sustained policy shift ahead of elections.