Dal Poggetto anticipates annual inflation to hit triple digits in December and then hit a high of around 132% in June.driven by a range of factors, including drought driving up food prices.
At the same time, the economist also estimated that Argentina’s monthly inflation rate accelerated in October to 6.6% from 6.2% in September, driven by increases in the prices of health, leisure and clothing plans. Monthly price increases are not expected to drop below 6.5% until at least September 2023.
Argentina’s statistical agency, INDEC, will publish October inflation data on November 15.
What the other consultants say for October
Since Analytics They pointed out to this medium that the projection of inflation for October is 6.9%. Something lower was for Fundación Libertad y Progreso, which estimated a price increase of around 6.8%. The same figure was found in the C&T retail price survey for GBA. “It was higher than the 6.2% in September and the 3.7% in October 2021. In this way, the twelve-month variation rose to 87.4%”, they remarked from the firm.
For Focus Market, meanwhile, food rose 7.3%. “Massive consumer products have had a strong double-digit increase in several basic categories such as food, beverages, cleaning and personal hygiene items. The flip side of this price increase is the drop in consumption in local outlets. Revenues from Argentines are marked by informality or self-employment, while the focus of the public sector is on registered wage earners. In the first case, the loss of real purchasing power is 7% so far in 2022,” said Di Pace.
Source: Ambito
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