The percentages show an increase compared to the previous month’s data (90% for the year), indicating a marked deterioration in the population’s expectations.
The expectation of inflation that the population has for the current month is 13.59%surpassing the 12.4% reported by the INDEC for August, according to a study carried out by the Torcuato Di Tella University.
Likewise, citizens project that in the next twelve months lPrices will increase by 99.1%, that is, they will almost double. In addition, the median, which represents the value that separates the distribution of individual responses so that the same percentage of responses is above and belowit was 100%.
These percentages show an increase with respect to the previous month’s data (90% for the year), indicating a marked deterioration in the expectations of the population in relation to the evolution of inflation.
The university’s Finance and Research Center stated: “The rise in inflation expectations observed in all regions and educational levels“. The study details that in the month of September, in the case of the Autonomous City of Buenos Aires (CABA), the average is at 101.2%, in the interior at 98.5% and in Greater Buenos Aires (GBA) the average is 99.8%.
Additionally, the report highlights that “What has been the trend in recent months?expected monthly inflation is well above the average expectation of households for the next 12 months when annualized.”
This survey is carried out during the first days of each month (in this case, between September 1 and 8), before the publication of official inflation data.
The result of the University survey is also far behind the projections of the analysts who participated in the last Market Expectations Survey (REM) of the Central Bank (BCRA); which showed that among private sector economists the median inflation expected for the next 12 months is 197.5%almost 100 percentage points more.
Along with inflation, the Government seeks to put liquidity in the pockets of Argentines and provide relief by freezing prices and rates, to contain the rise in prices.
By September, the Government hopes that the increases will be mitigated, something that the Secretariat of Economic Policy detected in the “Rubinstein index“, which revealed that between September 11 and 17 there was a price increase equivalent to 2%, after the figure was 2.1% in the first week.
Source: Ambito
