Of the consultants surveyed by Scope, Econviews It is the one with the greatest inflation for the fifth month of May, by estimating 2.3%. “In the month a strong decrease in greengrocer prices stands out, with an accumulated drop of 5.7%. That is, we are seeing a clear deceleration in food prices. On the other hand, the fall in fuels, driven by the government during the month, would also have contributed positively, “he told this media Leila García Kerman, Entity economist.
Stations factors traction downward inflation in May, according to consultants
Negative variations in vegetables would be explained by seasonal factors. Indeed, According to Ecogo, the seasonal category of the CPI will present a 0.5% drop In May, a factor that will contribute to the slowdown in general inflation, which according to the consultant would be 2%.
In parallel, echoing predicted an increase of only 1.8% in the prices regulated by the Government and the 2.7% for nucleus inflationin the latter case more driven by the increases of goods than by services.
“The data is still preliminary and is subject to modifications. Despite the increase in the collective ticket for AMBA (7%) and the rises in the price of gasoline (0.2%) -after the decrease of 4%it increased driven by the increase in biofuels-,, Food inflation was lower than projected, which contributed to boosting the decline“They highlighted in a report.
What were the greatest price increases in the last week?
In addition to food, the only item that presented up on the average was the health. Ecogo stressed that this was where the greatest increases were seen in the last week, highlighting those in antihistamines, antibiotics and digestive medications.
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Inside the food division, the largest adjustments of the fourth week of May were seen in oils and fats. The meat showed stability in their values, while there were casualties in the prices of fruits and vegetables, due to the aforementioned seasonal factors.
Identically, Balancing also estimated accumulated inflation of 2% For the month that is about to end. Still without data for the fourth week, the entity relieved an average increase of 0.8% between May 14 and 21 (equal to that of Ecogo), after a price decrease of 0.2% in the second week and an increase of 1% in the first seven days of the month.
“After the deflation observed the previous week led by the Hot Sale, some items that had shown significant casualties this time led the weekly inflation (clothing, furniture and electronic equipment, mainly), ending the sales,” they explained.
For its part, For Analytica, the general CPI will exhibit an advance of 2.1% in May. Its last analysis, corresponding to the third week of May, resulted in a 1.6% increase in food for the average of the last four weeks.
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Above average the categories of coffee, tea, grass and cocoa (+3.1%) and meats and derivatives (+2.5%). At the lower end, the most limited variations threw them fish (+0.2%), vegetables (+0.4%) and fruits (+0.9%).
Inflation comes from slowing down in April, despite devaluation
In April inflation marked 2.8%quite below the 3.7% they had thrown in March. This happened despite the fact that in that month the government gave an abrupt change in the exchange scheme, within the framework of the Agreement with the International Monetary Fund (IMF).
This modification resulted in a Increase of almost 9% in the value of the official wholesale dollar. However, the rise was less than expected and had a limited impact on the prices of the economy.
Although the private ones agreed in general on the positive of the data, they also noted that The core CPI was identical to that of March, and that the deceleration was caused by the few variations in the seasonal categories (with casualties in fruits and vegetables) and regulated (with an almost zero adjustment in light and gas rates). In addition, the salary anchorwith peers that were closing below the price increases, they are also playing a relevant role.
Source: Ambito
