Although there is no defined date for the implementation of the new scheme, Lavagna clarified that The statistical impact will be less. “It seems so I say that it will give a very different result, but it will be very similar”he said in a radio interview.
The update responds to the need to adapt the measurement to current consumption habits and international standards. “We are going to update the basket by putting new products. It does not mean that it gives a very substantial difference. It serves to provide greater data,” he explained.
Among the New consumption that will be added to the index stand out Services such as Netflix and Cell Phonesthat today are not reflected in the current measurement. Currently, the INDEC CPI is calculated on the basis of the National Household Expenditure Survey (Engo) 2004-2005 and a base index of 2016. Although at the time a new survey was developed in 2017-2018, that version It was never implemented.
Now, the agency seeks to build a measurement structure projected to ten yearswith more representative data of current consumption patterns.
Lavagna explained that the differences that the new index can throw with respect to the current will be minimal: “Differences can be 0.1% or 0.2%, it is not a large statistical difference”he said.
In addition, he explained that over time, the indices should show A similar trendalthough in a few months it could be noticed More food or services weightaccording to the context.
The announcement occurred in the middle of a context in which inflation showed a slight rise in March, with a 3.7% monthlycutting the descending streak of the previous months.
Asked about what is expected for April, Lavagna said: “You have to wait for the April inflation data, because the change in the exchange scheme was mid -month (…) I do not see a very different inflation in next month.”
Source: Ambito
