The Secretariat of Economic Policy released this Friday, September 29, a new inflation rate weekly that showed an increase of 1.7% between September 18 and 24. This datarepresents a slowdown in relation to the last two published by the “Rubinstein index”.
These are estimates made by the secretariat that directs Gabriel Rubinstein. The first data showed an increase of 2.1%, and the second was 2% in the week that of September 11 to 17. This week, inflation was below 2%, after peaking at 4.8% in August.
“In this way, despite continuing inflation at very high levels, the drop has been significant weekly compared to the August peaks,” highlighted the agency in charge of Rubinstein.
After the strong inflationary acceleration in August, which placed the CPI at 12.4%, the highest record since 1991, the Secretary of Economic Policy, Gabriel Rubinstein, announced that the Government will report every Friday the weekly evolution of the Index. Consumer Price (IPC).
Inflation: what the private sector expects
However, according to different private surveys, the CPI would once again have a double-digit increase this month driven, among other factors, by the rise in food prices.
The thing is that, according to the analysts, in recent weeks an “uneven behavior” was observed in the variation of food, with an acceleration in the increases in some cases, which is why they estimate that this item (the one with the highest incidence within the Consumer Price Index), would also increase again above 10% in September.
For example, the survey of Eco Go, in In the third week of the month, a variation of 2.6% was recorded in the price of food compared to the previous week..
The food price survey carried out LCG It also showed an acceleration in the third week of the month, which closed with an increase “of 2.9%, accelerating 1.3 pp compared to the previous week.”
With this scenario, private consultants estimate that general inflation would return to double digits during September. In fact, according to the BCRA’s Market Expectations Survey (REM), the analysts consulted predicted inflation of 12% for September.
Source: Ambito
