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Inflation Stays Below December High, But Buenos Aires Takes the Lead with 21.7% Increase

ByEditor

Feb 12, 2024
Lower sales in Argentina result in lower inflation in January compared to December

On Wednesday, January 14th, the INDEC will release the inflation data for the month of January. According to consultants, the range for inflation is expected to be between 20% and 23%. Despite this, the level of inflation in January remained below December’s (25.5%), with a slight deceleration in the third week of the month.

In Buenos Aires, the increase in January was 21.7%, which is the highest since the start of the statistical series in 2012. The interannual variation of the index amounted to 238.5%.

Economist RocĂ­o Bisang from EcoGo predicts an inflation rate of 21,2% for January. “The month was very marked by the drag left by December increases,” she said. “There were some areas such as Health where prepaid bills stood out or Transportation, where what weighed most were gasoline and train and bus.”

On the other hand, Lorenzo Sigaut Gravina, director of Equilibra consulting firm forecasts that preliminary data for January was lower than that for December and gave us 22,5%. He commented on his forecasts when asked about it.

According to a study conducted by Ferreres & Asociados based on over fifteen thousand prices of GBA goods and services, inflation in January would end close to 18% monthly with an interannual growth of 244.5%. Economist Fausto Spotorno highlighted that core inflation advanced at a monthly rate of 19.5%, which marks an increase of 268.8% annually.

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