Government figures first: May inflation exceed 4% – La Nacion (Argentina)

The data will be the first to spread the Indec with the new IPC; strong impact of the rise in water rates and fuel; for consultants, it will be between 3 and 3.5 percent, with 42 percent year

The first official data of the new price index consumer (CPI) for the metropolitan area will be located above 4 percent. They qualified officials anticipated the estimated figure for May, the National Institute of Statistics and Census (Indec) disseminate the 15th of next month, after the CPI was discontinued late last year to generate more credible data after eight years of manipulation of statistics.

“It will be up 4%, two points higher rates and then should fall to 2% since June,” said an official at the NATION.

in one of the provincial directorates which measures prices-and that is taken as a reference by the INDEC anticipate a similar figure, the effect of increasing the water tariff (add 1% to the index) education, cigarettes and gasoline. They also indicated that food accelerate again this month after a slowdown in April. Therefore, annual inflation is above 40 percent and, since January, accumulating an increase of 25 percent.

Meanwhile, private consultants estimate that the price increase will be between the 3 and 3.5 percent this month.

Marina Dal Poggetto, director of the study Bein said that the CPI will be “somewhat above 3.5 percent”, with a rise of 2.4 % in the first four weeks in the food and beverage category. With this data, annual inflation will be for Bein study 42 percent.

“There is a drag on the rise in the price of collective, some gas, gasoline, cigarettes and expense” he said.

the economist noted that “in October the year will be at 45% and in December the year will be 37.5 percent.”

Camilo Tiscornia, partner C & T said it will be around 3 percent, equivalent to 41.5% annually. In the aforementioned increases, the analyst added increases in “dairy, meat and vegetables for April showers”.

Onward, said that “something should go down, but in June-July is increasing prepayments, so we expect 1.8% each of those months. If no other rate hikes and the dollar is controlled, more recession, inflation will fall. I have less doubt that this recovery level activity. “

Fausto Spotorno, chief economist at Ferreres study, said this month would be located” below three percent, with the inclusion of 1.5% of tariffs, while supermarkets increases are slowed by the hiatus in sales: there were increases in oils and sugar, but the rice down and meats, except hamburgers, too in short, there is much distortion offers “

.. Meanwhile, the consultancy Ecolatina preliminarily estimated an increase of 3.5%, after growing 2.7% in the first half of the month.