From the area that depends on Gabriel Rubinstein, they projected that September will suffer a “carry-over effect”, so they also expect a high level of prices.
After knowing the inflation figure of 12.4% in August, The Secretary of Economic Policy, Gabriel Rubinstein, admitted the impact of the devaluation on the cost of living and projected that September will suffer a “carry-over effect”so they also expect a high price level.
“In August, The high level of inflation has been influenced by the rise in the nominal exchange rate, especially the jump on August 14. In September, the so-called carryover effect derived from said devaluation will also be evident,” said the vice minister in a statement posted on his social networks.
“Onwards, We expect a significant reduction in inflation rates, which could be evidenced in the measurements of weekly inflation rates,” he said in the published text, after knowing the jump in the CPI last month.
For their part, the private consulting firms and banks that make up the Market Expectations Survey (REM) carried out monthly by the Central Bank They estimated the increase in national consumer prices (CPI) for September at 12%0.3 percentage points below the 12.3% recorded in August.
The market anticipates that monthly inflation will moderate in October to 9.1% monthly.
Source: Ambito
