The private analysis specified that “transportation and communications was the item with the highest increase due to the 40% adjustment in public transport” and at the end of the month the increase in fuels stood out.” In addition, they highlighted that “clothing rose again significantly, like in July, despite not being a seasonally strong month”
They indicated that food and beverages grew 7.5 percent, particularly highlighting the rise in fruits and vegetables.
With respect to the annual data, they pointed out that “the twelve-month variation climbed to 75.9 percent, a rate comparable to that of January 1992.” EcoGo, meanwhile, also forecasts inflation of 6.7 percent per month.
From the consulting firm LCG, meanwhile, they estimate that the rise in prices in August will reach 6.5 percent and they warned about the upward performance of food, noting that “it is increasing at a rate of 2% per week, so makes it hard to find signs of a slowdown.
Analytica, meanwhile, projected a rise in the IPC of 6.4 percent, and from Focus Market, they calculate it at 6.2%.
The Fundación Libertad y Progreso, meanwhile, reflected an advance of 6% per month, “registering the third largest increase of the entire Alberto Fernández Administration” and specified that “in this way, in the first eight months of 2022, accumulated inflation reaches 55 percent, the largest for the first eight months of the year since 1991.”
During the past week it was known that the inflation of the City of Buenos Aires reached 6.2 percent in August and the accumulated variation stood at 53 percent per year, while in the last 12 months it has already reached 74.6 percent.
Last Friday, the Market Expectations Survey (REM) carried out every month by the Central Bank was released, which yielded a forecast of 6.5 percent for the rise in prices in August.
The projections for the following months indicated that they expect inflation of 6 percent for September, 5.7 percent for October, 5.5 percent for November and 5.8 percent for December.
Source: Ambito
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