After most private consulting firms projected a CPI close to 30%, the former Minister of Economy got the inflation data for December right. Now, the former official doubles down and gives his forecast for the coming months.
The former Minister of Economy, Sunday Cavallogot the information right December inflationestimating that it would be located around 25%, while all the consulting firms predicted close to 30%. Now, the favorite economist of Javier Milei he redoubled the bet and gave his CPI projection for the coming months.
The variation published by National Institute of Statistics and Censuses (INDEC) was 25.5% in December and marked a maximum value in 33 years.
For January, the economist projected that the Consumer Price Index (CPI) will be higher than in Decemberand that would continue in double digits during February and March.
Inflation Inflation Supermarket Gondolas CPI Prices Basic Basket
Mariano Fuchila
Inflation according to Domingo Cavallo: how much could it reach in January?
While, projections for Januaryaccording to the economist, would exceed the December peak and would be located in 26%. But in February it would start to go down.
For the second month of the year, Cavallo predicted a drop of just 5 percentage points and placed the CPI at 21%.
Inflation according to Domingo Cavallo: when would it start to go down?
Stop now March, the CPI would drop from 20% and would be at 19%according to the Minister of Economy of Carlos Menem and Fernando de la Rua.
In the following months, it would begin to decline and return to single digits: 8% monthly during the months of April to June and would subsequently reach 7% monthly from July to December.
The participants of the Market Expectation Survey (REM) which publishes the central bank They differ in the times in which inflation could reach that figure: it would not be until June when it would reach one digit (8%).
Source: Ambito
