Recent monthly inflation prints and analyst surveys have anchored trader consensus around a 2026 annual rate in the low 30s. September CPI rose 1.9% month-over-month for a 33.4% year-over-year reading, with year-to-date accumulation at 23.6% and core inflation easing to 1.7%. Central Bank REM expectations, BBVA Research, and private forecasters project a full-year outcome near 29.5–32.5%, consistent with the 75.1% implied probability on the 30.0–34.9% band. Persistent but moderating monthly gains near 1.7–1.9%, supported by fiscal discipline and exchange-rate stability, continue to favor this range over higher or sharply lower outcomes as the year closes.