About, Ricardo Delgado, president of the consulting firm Analytica, remarked that inflation “has dropped a few tenths.” “It is likely that the general indexwhich also includes regulated prices and the prices of seasonal goods, in November it is a little below 6%”, Delgado pointed out on Milenium radio, adding that the consultant’s projection for monthly inflation in November is 5.8%: “The consensus is that it will start with 5 in November”.
“Is it a noticeable drop in inflation? No. There are still factors that encourage inflation. We will probably have slightly lower inflation, but we are very far from what Economy Minister Sergio Massa wants to reach inflation below 4% in April”, added the economist.
Along the same lines, the CPI measured by the Fundación Freedom and Progress registered in november an increase of 5.9% per month. “The items that increased the most in the month were: ‘Housing, water, electricity, gas and other fuels’ (16.7%); ‘Various goods and services’ (8.5%) and ‘Alcoholic beverages’ (8.5%)”, indicated the study, which detailed: “In this way, in the first eleven months of 2022, accumulated inflation reaches 87 .0% This is the largest accumulated inflation for the first eleven months of the year since 1991”.
“The slowdown in November is mainly explained by the lower increase in food. Although the ‘fair prices’ program began, this behavior began to be observed a few weeks prior to its implementation. The effect of the price agreement will be mostly visible from Decemberalthough it is clear that its result will be temporary, because the inconsistencies of fiscal and monetary policy are not compatible with a sustained drop in inflation,” said Lautaro Moschet, Economist at Libertad y Progreso.
It also foresees a slowdown and data below 6% Focus Market. “Services had a strong increase in November with increases in electricity, water, gas, mobile telephony, cable, internet, private schools, rentals, expenses and taxis. Inflation during this month is 5.9%, finding a slight drop compared to the increase in October”, maintained Damián Di Pace, director of the consultancy, who remarked: “In November we observed a slowdown in the rise in prices in basic food basket categories”.
For his part, since eco go pointed out that the core inflation of its survey of retail prices, stood at 5.9%, “slowing down 0.2 pp compared to the October data. “The measurement, which excludes regulated and seasonal items, thus reaches an accumulated increase of 84.5%, slightly lower than the average of prices”, they highlighted from the firm, adding that regulated prices contained the indicator, “pulling the Prices down in November. “With increases in rates for electricity, gas and water, taxis, schools in PBA, expenses, fuel, and cigarettes, among others, these stood at 5.4% per month. Seasonal prices experienced a rise of 8.1%, accumulating so far this year an increase of 116.0%”, they detailed.
Projections above 6%
There are different polls that, instead, place November inflation above 6%. This is reflected, for example, in the Survey of Market Expectations (REM) carried out by the BCRA, which estimated a rise in the CPI of 6.1%.
The survey of retail prices carried out by the consultant C&T for Greater Buenos Aires presented a monthly increase of 6.2% in November. “The item with the greatest increase was housing, which included the increases derived from the partial removal of subsidies in electricity, gas and water, but also a new increase in the salaries of building managers,” they explained from the firm. In any case, they stressed that the “food and beverages moderated strongly, to 3.8% per month”.
Meanwhile, the CPI prepared by the consultancy orlando ferreres for the GBA registered a rise in November of 6.6% per month and registered an interannual increase of 89.7%. “On the other hand, core inflation advanced at a monthly rate of 5.8%, marking an annual increase of 89.9%. Thus, accumulated general inflation was 82.8%, while core inflation accumulated 82.5% in November,” the firm pointed out.
Source: Ambito
David William is a talented author who has made a name for himself in the world of writing. He is a professional author who writes on a wide range of topics, from general interest to opinion news. David is currently working as a writer at 24 hours worlds where he brings his unique perspective and in-depth research to his articles, making them both informative and engaging.
