Lower sales in Argentina result in lower inflation in January compared to December

The inflation data for January, which will be released by INDEC next Wednesday the 14th, is expected to range between 20% and 23%, according to consultants. Despite this, the level remained below December’s (25.5%), with a small deceleration in the third week of the month.

In the Buenos Aires area, the increase in January was 21.7%, which is the highest since the beginning of the statistical series in 2012. This interannual variation amounted to 238.5%.

Economist RocĂ­o Bisang from EcoGo predicts that her inflation estimate for January is 21,2%. “In general it was a month that was very marked by the drag left by the December increases,” she said. She noted that there were some areas such as Health where prepaid bills stood out or Transportation, where gasoline and train and bus prices weighed heavily.

On the other hand, economist Lorenzo Sigaut Gravina, director of Equilibra consulting firm, believes that preliminary data for January was lower than that for December and gave an estimate of 22,5%. He commented on his inflation forecast when asked: “The fall in purchasing power with wages running behind prices acted as a brake on remarking.” As reflected by Clariondemand data fell in cars, shopping malls, supermarkets, gasoline and retail stores.

According to a study conducted by Orlando consulting firm Ferreres & Asociados based on more than fifteen thousand prices of GBA goods and services, inflation in January would 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.

By Editor

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