On Wednesday, the 14th, the INDEC will release inflation data for January. According to consultants, the range is expected to be between 20% and 23%. Despite this, the level remained below December’s (25.5%), with a slight deceleration in the third week of the month.
The City of Buenos Aires has provided the first indication of what happened in January by releasing data showing an increase of 21.7% in the Buenos Aires area. This was the highest since the start of the statistical series in 2012 and was accompanied by an interannual variation of 238.5%.
Economist Rocío Bisang from EcoGo estimates that her inflation forecast for January is at 21,2%. She explained that “the month was very marked by the drag left behind by December’s increases.” Areas such as Health and Transportation experienced significant increases due to prepaid bills and gasoline and train/bus prices.
Lorenzo Sigaut Gravina, director of Equilibra consulting firm, commented on his preliminary data for January which was lower than December’s. He predicts an inflation rate of 22,5% for January. The fall in purchasing power due to wages running behind prices acted as a brake on remarking which led to a slowing pace of inflation in January. As reflected by demand falling in cars, shopping malls, supermarkets, gasoline and retail stores.
According to a study conducted by Ferreres & Asociados based on more than fifteen thousand prices of GBA goods and services, inflation for January is expected to end at 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