Recent Buenos Aires city data showing August inflation at 1.7%—down sharply from July’s 2.9% seasonal spike—has reinforced trader expectations for a national INDEC reading in the 1.5-1.7% range. July’s 2.1% national increase, driven by recreation, culture, and regulated price adjustments, temporarily interrupted the broader disinflation path under fiscal austerity and restrained monetary growth. Analysts’ consensus and central bank surveys now cluster around 1.6-1.8% for August, reflecting fading seasonal pressures and contained core inflation near 1.8%. The market’s heavy weighting toward the 1.5-1.7% bracket reflects this momentum ahead of the imminent release, while still pricing modest uncertainty around food and housing components.