On Wednesday, January 14th, the INDEC will release the inflation data for the month. According to experts, the rate is expected to range between 20% and 23%. The level has remained below December’s (25.5%) with a slight decrease in the third week of the month.
The City of Buenos Aires government has already provided its own inflation rate for January, which was 21.7%, the highest since the start of the statistical series in 2012. Meanwhile, interannual variation in the index amounted to 238.5%.
Economist Rocío Bisang from EcoGo predicts an inflation rate of 21.2% for January, noting that there were some areas where increases in prepaid bills stood out or transportation, where gasoline and train/bus prices weighed heavily. Lorenzo Sigaut Gravina, director of Equilibra consulting firm, forecasts a preliminary data of 22.5% for January but believes it will fall as purchasing power decreased due to wages running behind prices leading to remarking slowing down in pace as reflected by demand falling in cars shopping malls supermarkets gasoline retail stores.
According to a study conducted by Ferreres & Asociados based on over fifteen thousand prices of GBA goods and services, January’s inflation is likely to end close to 18% monthly with an interannual growth of 244.5%. Core inflation advanced at a monthly rate of 19.5%, marking an increase of 268.8% annually highlighting economist Fausto Spotorno