Estimates from private consultants reveal that despite registering a slight slowdown, April inflation will remain around 6%. The INDEC will release the Consumer Price Index (CPI) this Thursday and with this it will be known if “the worst is over” as Economy Minister Martín Guzmán said last week.
The head of the Palacio de Hacienda assured on the occasion of the national Cabinet meeting last Wednesday that “April inflation will be much lower than that of March” and added that “the worst is over.”
The consultants, for their part, estimated that inflation for the fourth month of the year was in the range that goes from 4.8 to 6.3 percent, marking the continuity of the upward trend that had its peak in March.
“In April, inflation slowed down but still with a very high floor above 5.5%,” explained the economist Damián Di Pace, one of those responsible for Focus Market, while maintaining that “in the case of Food and Beverages, stands at 5.9%”.
In addition, he specified that “during this month, Expenses with increases of 20 percent, Prepaid 6%, Domestic Service 12% and Schools 9% were above the average price variation.” In addition, he pointed out that “there were increases in Services that will lead to an increase in education, housing and health.”
Meanwhile, C&T Economic Advisors remarked that its index, which measures the Federal Capital and Greater Buenos Aires, “presented a monthly increase of 4.8 percent” and explained that “it was less than the 5.4 percent of March , but higher than the 3.9 percent of April 2021, so the twelve-month variation grew to 55 percent.”
For his part, Orlando Ferreres estimated that the rise in retail prices would have reached 6.3 percent in April, with a new strong impact on food and with considerable rises in clothing and education.
The Survey of Market Expectations (REM) shows that April closed with a price increase of 5.6 percent, while the inflation projection of the main players in the financial system for 2022 climbed to 65%, which implies a strong advance of 5.9 percentage points compared to last month’s measurement.
Source: Ambito
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