The FIEL economist announced that the first week of the month had a CPI “something above 7%.” In addition, he indicated how much the year-on-year value could go.”
The repercussions continue after the INDEC make it known that inflation March was 7.7%. In this context, the economist Juan Luis Bourfrom the Latin American Economic Research Foundation (FAITHFUL) foreshadowed that the CPI for April and May will maintain a floor of 7%.
“We have a measurement for the first week that is above 7.5%”revealed the economist and explained that “That projects a number with a floor at 7% for the month”. In this sense, he explained that the first week already had “very strong increases“and this second one had an “increase in gasoline, among other things.”
For Bour, this “indicates that the month of April is somewhat above 7%” and things will not improve in the following months “May has very significant rate increases, so it will have very similar numbers”advanced in statements to Radio 770.
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The economist stated that for FIEL measurements, the March CPI was not a surprisesince they had obtained 7.8% inflation for that month in the City of Buenos Aires. According to Bour, when “you take the measurement by elementary products (which are more than 700 items in the index), you have to more than 90% are going up every month”. Because of this, the acceleration of inflation no longer responds only to “seasonal issues such as education” but also to “strong increases in all” items, “almost always above 7% or 8%.”
FinallyFIEL’s chief economist gave an unfavorable forecast for the rest of the year in terms of inflation yoy “In the second half of 2023 we will be with numbers that are more like 115% and at the end of the year it could accelerate to 130%”advanced Bour and closed indicating that the next government will receive “an interesting package and You’ll have to make major adjustments.”
Source: Ambito
