This Sunday Argentina elects a new president. The polls will define whether any of the five formulas will achieve the long-awaited victory or, failing that, there will be a runoff between the two most voted. Ambit compiled, within the uncertainty that reigns, what are the increases planned for the following weeks.
The increases that are coming
He In mid-August, the government froze the price of gasoline and foresees adjust values after October 31. When asked how it will continue, in a context of stock shortages in some parts of the country, the Secretary of Energy, Flavia Royónhe anticipated: “It depends what happens on Sunday.”
As for the prepaid there will be no increases until December for family groups with incomes of less than $2 million gross per month and to the extent that they declare that they do not have the economic capacity to pay the fee.
Public transport will have new values after the elections, according to the Resolution 501/2023. For its part, Regarding electricity and gas rates, Gabriel Rubinstein, Secretary of Economic Policy had previously confirmed that the next increase will be in November.
As far as taxis are concerned, In November there will be a 25% increase. In this way, the current token value of $43.80 will be $54.80 in November. At the same time, it is important to remember that the Government authorized monthly increases of the rates of the pay television, telephone and internet from May to December 2023 4.5%, per month.
What will happen to inflation
In the case of the consulting firm EcoGo which weekly measures the progress of general inflation and that of food and non-alcoholic beverages in particular, adjusted upwards its general projection for October by 11%. According to their estimates, food and beverages accelerated the pace of recalls from 2.3% in the first week (in line with that of the SPE) to 3.5% in the second week (difference of 1.3 pp with SPE).
“A few days before the elections, uncertainty sets the pace of inflation, with prices that reflect the search for coverage against the lack of certainties. The rise in parallel dollars that led the blue to reach $1000 in the week (and today the CCL did the same), contributed in this sense,” they indicated from the consulting firm run by Marina Dal Poggetto and Sebastián Menescaldi.
Additionally, they clarified that the estimate may be lower than the actualgiven the shortage of products that is recorded in many stores and the differences in price formation strategies between supermarkets and local stores.
From the Freedom and Progress Foundationrevealed that in the first two weeks of October, the CPI LyP accumulated an increase of 9.6% and aims to close the month at an inflation range between 12.1% and 13.2%depending on how prices evolve in the second half of the month.
Source: Ambito
