In relation to the delay in the exchange rate, he indicated that it occurred after “during all of last year, which was an electoral year, the Central Bank kept the dollar depreciating at a rate well below inflation.
The economist anticipated that from Orlando Ferreres “April inflation gave 6.3%”, although he explained: “In March it had given us 5.2%, a little less than the INDEC (6.7%) and in the items where differences we had were education and clothing, which are two items that usually go up in March and April due to a change in season and because classes start”.
“What we detect now is that it rises so strongly that we did not see it in March, if we saw it in April, in our measurement, with which it may be that that point that gave us less in March we are now seeing it in April,” he added. .
Finally, and in relation to economic activity, he pointed out: “In February it went very well, after a bad January due to the outbreak of covid, while in March there was a drop compared to February but it grew 3% compared to last year, and in April according to the data we have it was more or less like March”.
“What is coming forward are months of slight retraction or stagnation because we do not see that there is enough energy,” he concluded.
Source: Ambito
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