For any month in 2025 where Brazil's month-on-month (MoM) inflation rate exceeds Argentina's, the market will resolve as YES (as NO otherwise) as soon as the official data becomes available:

https://tradingeconomics.com/argentina/inflation-rate-mom
https://tradingeconomics.com/brazil/inflation-rate-mom

Background

Brazil and Argentina have historically experienced different inflation patterns:

• Brazil has maintained relatively stable inflation in recent years, with monthly rates typically below 1%. However, forecasts for 2025 suggest an upward trend, with the market raising its median forecast for Brazil's annual inflation to 5.68%.

• Argentina has been battling hyperinflation, with monthly rates reaching double digits in recent years. However, the country has been experiencing significant disinflation, with monthly inflation decreasing to 2.2% in January 2025 (the lowest since mid-2020) and projections showing continued improvement throughout 2025.

Resolution Criteria

This market will resolve to YES for any month in 2025 where Brazil's month-on-month (MoM) inflation rate exceeds Argentina's, based on official data from:

• Argentina: https://tradingeconomics.com/argentina/inflation-rate-mom

• Brazil: https://tradingeconomics.com/brazil/inflation-rate-mom

The market will resolve to NO if Brazil's MoM inflation rate remains below Argentina's for all months in 2025.

Resolution will occur as soon as official data becomes available confirming that Brazil's inflation rate has exceeded Argentina's for any month, or after all 2025 data has been published showing no such occurrence.

Considerations

• Seasonal factors and reduced electricity credits in Brazil could drive higher monthly inflation rates, particularly in early 2025.

• Argentina's inflation is projected to stabilize around 2.3% monthly in early 2025, creating potential opportunities for Brazil to exceed this rate during months with unusual inflationary pressures.

• Economic policy changes in either country could significantly impact inflation trajectories throughout the year.

• Data publication timing may vary between countries, potentially delaying resolution.