The look of the officials who accompany Luis Caputo in the Ministry of Economy They are put in the February prices. Hope is to inform the next consumer price index Start with a 1st forwardsomething that does not happen in Argentina from July 2020 when it was 1.9%.
Politically it would be A relevant achievement more than anything in an election year. It is unquestionable that the disinflation process is sustained and is the main management letter of the President Javier Milei, who ultimately is the central element for which he obtains popular support. Even so, having prices that rise to 2% average monthly is not normal.
To do this, uNot from the items that seem to respond to the stimuli of economic policy is food. In the second week of February food prices fell in relation to the first. There was a rearrangement in the values of meat and vegetables. Especially the meat has a high weighting in the elaboration of the CPI.
According to the survey of the Consultant Labour, Capital & Grouth( LCG) in the second February week prices fell 0.1% compared to the first. “The fall comes after the marked increase recorded in the previous week. The average monthly rise is located in 2.1%, ”says the report, which adds that“ the cArne reversed part of the strong rise of the previous week (+3.9%) and, together with vegetables, traction the weekly leave. ” According to him survey, the first fell 0.6% while the vegetable caI 2.9% in the reference week.
One of the elements that I could be playing in favor of the deceleration in the food field is the reduction of the 1% monthly crawling. Foods usually have a more direct relationship between evolution of the price of the dollar than services. That is, while the government manages to keep the gap placed with free dollars, food will remain still.
Gastón Utrera, economist from the Institute of Political Economics of the 21st Century University toHe signed in this regard that “the official inflation data corresponding to January 2025, of only 2.2%, confirms the marked disinflation trend observed during the last 12 months. ”
“The exchange policy of “Crawling Peg” at 2% monthly until January, even, acted as ‘coordinator’ of prices, for its direct impact on the internal prices of tradable goods (that is, exportable and imported) and its indirect impact on internal prices of non -tradable goods, ”adds Utrera.
The professional says that “that is motivation, and justification, for said exchange policy, and to reduce the rhythm of rise of the exchange rate from 2% to 1% monthlyL, to try to make inflation converge now ”..
What will complicate the IPC that starts with 1
On the other hand, according to the Argentine Political Economy Center (CEPA) In food and drinks in the first week of February, the increase in food and non -alcoholic beverages moved to 2.3%.
And it emphasizes that “in the first seven business days The wholesale exchange rate moved to 0.04% daily, which gives a projected of 1% monthly while CCL dollar increased 1% in the first 12 days of the month. ”
In February, he points out, LAce water, light, gas will have 1.5 increases% average but would reach 2% with the effect of subsidy removal. In the case of the gas, the average increase will be 1.6% but they will reach 2% due to the removal of subsidies. As in January, Aysa water rates should be adjusted in relation to the adjustment formula that is applied monthly, but the government decided to limit the increase to 1%.
On the other hand, he points out that There will be increases in prepaid medicine that go between 2.9% and 3.7% while in telecommunications The increase ranges between 2.9% and 3.6%, According to the service and the company.
On the other hand, he points out that In February, naffas increased 2%explained in part by the fuel tax (1%), and partly by the monthly devaluation (1%). Significant increases in fees and school registration of schools without tariff regulation in March are also foreseen.
Source: Ambito
