Inflation in Argentina may decrease-Analysts
2022.12.13 12:04
Inflation in Argentina may decrease-Analysts
Budrigannews.com – A poll of analysts conducted by Reuters on Tuesday revealed that although prices are expected to rise nearly 100 percent this year, inflation in Argentina is expected to have cooled slightly in November.
According to a Reuters survey of 13 analysts, the consumer price index increased by 5.9% last month, with price freezes bringing down food costs slightly. That was lower than the 6.3% rise in October and the 7.4% peak in July.
According to economist Lautaro Moschet of Libertad y Progreso, “the deceleration was mainly explained by a lower increase in food prices,” citing the impact of food price freezes.
In recent months, the government of Argentina had made deals with various sectors to control spiraling prices. These deals have sparked protests on the streets as people feel the impact on their purchasing power and savings.
Moschet stated, “The effects of the price agreements will be more visible from December, although it is clear that they will be temporary as the inconsistencies of fiscal and monetary policy are not compatible with a sustained drop in inflation.” “The effects of the price agreements will be more visible from December.”
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The November projections made by examiners reviewed by Reuters went somewhere in the range of 5.4% and 6.6%.
“In the last seven day stretch of November there was a speed increase in expansion,” said Isaias Marini, a financial expert at consultancy Econviews, who extended expansion more than 6%.
On Thursday, the official INDEC statistics institute in Argentina will publish November inflation data. Graphic: Defeating Argentina’s inflation,
