He National Institute of Statistics and Census (INDEC) The February inflation data will be announced this Friday at 16, although the main consultants They already revealed their estimates, as well as the Central Bank through your Survey of market expectations (REM).
The great traction for the behavior of the Consumer Price Index (CPI) It was the meat. So much so, that there are consultants who claim that without that strong increase in a key food of the Argentine table, the level of prices would have decelerated again.
The inflation of the Autonomous City of Buenos Aires Deaded strong in February, scoring a 2.1%, A percentage point (pp) below 3.1% recorded last January, As reported on Wednesday the PORTEÑO STATISTICS AND CENSES INSTITUTE. In the last 12 months the price variation accumulated a 79.4%, and was strongly reduced for the third consecutive month.
February Inflation: Does it bounce or slow down?
February price variation, according to the measurement of Ecogoit would be located in the 2.7%, marking an acceleration of 0.5 pp with respect to January (+2.2% monthly). On this particular point, Rocío Bisangeconomist of this consultant, explained that “What was most traction was the flesh, which rose 7.8% -According to your measurement- Similar to CABA data (7.7%) “.
“The rest of the categories remained relatively stable. In fact, excluding meats general inflation gives us 1.8%”the specialist said.
He BCRA showed that “Gurúes” of the market They worsened inflation expectation For the second month of the year after Increased meat. In their latest March report, analysts estimated that inflation will be located in the 2.3% in Februarya rise of 0.2 pp above the previous expectation.
ANALYTICSmeanwhile, projects that inflation is located in the 2.4% In February, just 0.2 pp above the January CPI. This variation is explained by the increase in meat and derivatives (+8.3%), which occurred in the last four weeks and was significantly greater than the rest of the categories. To a lesser extent, increases in waters, Soda and juices (+2.8%) and Sugar, sweets and chocolates (+2.1%). On the other hand, reductions in prices of coffee, tea, herb and cocoa (-0.2%) and vegetables (-0.5%).
The report of Balances indicated that Monthly inflation reached 2.5%which implies a rise of 0.3 pp compared to January, registering the main increases in housing, water, electricity and other fuels (4.3%), restaurants and hotels (4.2%) and alcoholic and tobacco drinks (3.2%). The interannual variation was estimated at 67%.
The Freedom and Progress Foundation He calculated that Price variation was 2.3% in Februaryjust 0.1 pp above the official data of January. In the last twelve months the 66.7% with this measurementmarking the tenth consecutive deceleration and the second below 100%, after having broken that barrier last January when it was 84.5%.
Source: Ambito
