After the strong price slowdown that measured the INDEC Last month, the data of June inflation It is expected to be higher, around 5%, according to the consultancies that monitor the data on variations in the different areas.
The official inflation data for June will be known this Friday July 12, when a rebound from the floor marked in May, which was 4.2%, is expected, at the cost of the postponement of increases in regulated prices and a brake on food prices due to the drop in consumption that has been observed in recent months.
For the PPI consultancy, “the interruption of the downward path must be weighed against the acceleration of regulated prices from 8.8% in May to 14.4% in June due to the rise in energy rates.” Meanwhile, it assessed that core inflation was recorded at 3.3%, “remaining unchanged compared to MayThis data is encouraging, since between the second half of May and the end of June the CCL shot up by 24%, without being able to identify a relevant transfer to prices or passthrough.”
The last official data known was that of inflation in the City of Buenos Aires. The CABA CPI recorded a rise of 4.8% in June compared to 4.4% in May.
For June at the national level, the consulting firms estimated:
- PPI 5.8%
- Balance: 5.5%
- LCG 5.2%
- CyT: 4.9%
What was the inflation rate in May?
Inflation of May surprised with 4.2%, the lowest variation since January 2022. In addition, the year-on-year result slowed down for the first time this year: was 276.4% compared to 289.4% in April.
The May CPI meant a reduction of more than half compared to the 8.8% in April. In it Annual cumulative growth reached 71.9%, While if December, the month of devaluation, is taken into account, the total price increase was 115.60%. In this way, monthly inflation has been declining for five months since the 25.5% of the last month of 2023.
The largest increase of the month was in the communications sector with 8.2%due to increases in telephone and internet services, followed by Education (7.6%) and Alcoholic beverages and tobacco (6.7%). On the contrary, the two divisions that had the least variation were Health with just 0.7%, due to the reduction in prepaid medical fees, and Housing, water, electricity and other fuels, with 2.5%.
Source: Ambito
