A report on inflation expectations reflects an increase of 1.9 percentage points in the percentage expected for this year by the population.
Yes ok The Government talks about 0% inflation and celebrates a slowdown in prices, the price index expected by the population registers a small increase in the June measurement, based on data collected between the 3rd and 11th of the current month. The population’s expectation for the next twelve months marked an increase of 1.9 percentage points, going from a value of 85.1% in May to 87% in June.
This is reflected in the data from the Finance Research Center (CIF) of the Business School of the Torcuato Di Tella University (UTDT) which presented the results of the Inflation Expectations Survey (EI) for June 2024.
Sebastián Auguste, director of that center, maintained that “the registered value average for expected inflation for the next 12 months it is 87%, when in May it had been 85.1% and in April 98.5%.”
food prices inflation fruits vegetables.jpg
Reuters
Inflation: what is expected in different parts of the country
“This month, behavior is heterogeneous by regions and income levels”, he describes. By educational level (which is used as an approximation of income level), inflation expectations for the next 12 months decreased for lower-income households, which went from 88.3% in May to 82.3% in June . By contrast, higher-income households reported a small increasegoing from 83% in May to 89.4% this month.
By regions, meanwhile, Expected inflation was reduced in the Interior of the country and the City of Buenos Aires (CABA). The Interior reports the lowest annual inflation expectations, 74.3%, followed by CABA, with 98.1%, and GBA, with 108.6%. In May, the values recorded for these three regions were 77.9%, 102.5% and 93.4% respectively.
“About measuring monthly inflationthe survey includes a question since May 2023 on what respondents expect prices to be for the next 30 days. According to this measurement, the expected average in June is 8.60%, while in May it was 9.89%,” says Auguste.
Source: Ambito
