The Government hopes that April closes with a level of monthly inflation less than 10%, something that would be feasible based on the previous weekly data reported by the consulting firms. In fact, some studies indicate that The public already perceives a single-digit level of monthly price growth.
As indicated by the Finance Research Center (CIF) of the Torcuato Di Tella University (UTDT), In the consultation carried out this month, consumers perceived a strong deceleration for the next 12 months. “The April measurement reported inflation expected 98.5% according to the averagewhen in the previous month it had been 123.8%,” said the UTDT in a report.
In this way, the public would be assuming that in the 12 months ahead inflation It would be at a monthly average of around 8%. According to the report, the reduction in expected inflation is widespread both by regions and by income levels.
“By regions, The Interior of the country reports the lowest annual inflation expectations, of 96.4%followed by Greater Buenos Aires with 98.7% and the City of Buenos Aires, with 111.2%,” says the work.
The study states that “this month, it is observed that the expected inflation values decrease considerably in the City of Buenos Aires and Greater Buenos Aires compared to those registered last March.”
“The expected inflation for the next 12 months in CABA is 111.2%, 29.5 points lower than the March measurement (140.7%). In GBA it is 98.7%, 49.5 points lower than that reported in March (148.2%),” says the CIF.
In this regard, it is detailed that “in the interior of the country, a decrease is also observed compared to the March measurements, reporting a value of 96.4% in April.” The previous month it had been 111.2%. “Just like last month, “We observed high standard deviations for the three regions, which indicates a great dispersion in the responses of the respondents,” explains the UTDT.
Lower income sectors perceive less inflation
In public perception Expectations fell much more for lower-income householdswhich went from 127.7% in March to 86.9% in April.
“Higher income households have an average annual expected inflation of 104.7% in Aprila little higher, falling from 122.2% in March,” says the UTDT.
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The lower perception of inflation in the most disadvantaged segments of society would be due to the fact that in this sector the price of food has a greater impact than that of services. Since there was a slowdown in food in March, it is likely that the situation has been somewhat more alleviated.
However, according to the consulting firm LCG, food inflation had a significant rebound in the third week of April, remaining at 1.5%.seven times more than the previous week, but the average monthly measurement fell to the lowest level of the last nine months, with 4.6%.
According to that survey, Weekly inflation accelerated by 1.3 percentage points compared to the previous week. and in this way the four-week streak of rates below 1% was interrupted. For its part, the monthly end-to-end measurement had a rebound and closed at 2.9%. ““So far this month inflation has accumulated 2.1%,” LCG noted.
Source: Ambito
