February 23, 2024 12:34 am
Lower sales in Argentina result in lower inflation in January compared to December

On Wednesday, January 14th, the INDEC is set to release the inflation data for the month. According to experts, the inflation rate for January is expected to range between 20% and 23%. The level remained below December’s (25.5%), with a slight decrease in the third week of the month.

In terms of what happened in Buenos Aires during January, government data shows that the increase was 21.7%, which is higher than any increase recorded since 2012. Meanwhile, EcoGo economist Rocío Bisang predicts an inflation rate of 21,2% for January. She notes that the month was marked by high increases in prepaid bills for healthcare and transportation, particularly gasoline and public transport fares.

Equilibra economist Lorenzo Sigaut Gravina also forecasts an inflation rate of 22,5% for January based on preliminary data. He notes that while there was a slight decrease in purchasing power due to wages lagging behind prices, it acted as a brake on remarking and led to a slowing pace of inflation overall. As indicated by Clariondemand data fell across various sectors such as cars, shopping malls, supermarkets, gasoline stations and retail stores.

According to Ferreres & Associados study based on over fifteen thousand prices of GBA goods and services, January’s inflation would end at around 18% monthly with an interannual growth of 244.5%. Core inflation advanced at a monthly rate of 19.5%, which represents an increase of 268.8% annually

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