08/12/2021 16:01
Clarín.com
Economy
Updated 08/12/2021 16:08
The National Institute of Statistics and Censuses (INDEC) reported this Thursday that inflation for the month of July was
3%
, the lowest so far this year.
Thus, the accumulated for the year climbed to
29.1%
.
Thus, in just 7 months,
the goal of 29% per year
that the Government had set for all of 2021
was exceeded
.
This data marks the third consecutive month of decline in inflation.
In June, it had been 3.2%.
That month had been lower than in May, which was 3.3% and, in turn, had been the lowest since November of last year.
The last time inflation was below three points was in September 2020.
The numbers for the seventh month of the year show the impact of the freezes of rates, fuel and the official dollar, which in July barely rose 1%
In the Government they recognize that the moderation of the exchange rate was key to reducing the monthly rate of inflation a little from the peak of 4.8% in March.
The wholesale dollar appreciated 3.9% in January, 3.4% in February, 2.7% in March, 1.8% in April, 1.5% in May, 1.2% in June and 1% in July, the lowest rate since February 2020.
The slowdown that the government sought is useful for the November elections, but it is a phenomenon that economists believe will be temporary and limited.
"We see a temporary slowdown until November from the levels of the first semester, but still with a very high inflationary floor. Therefore, we forecast a monthly average of 2.8% with the official exchange rate anchor moving to 1% monthly when at the beginning of the year it was moving at 4%, and the rate anchor, "said Martín Vauthier, an economist at Anker Latin America.
The economists consulted by the Central Bank now expect an annual inflation of 48.2%, a slight rise compared to previous projections.
And with the July data, the initial annual goal of 29% is practically consumed.
For this reason, the Government authorized the reopening of joint ventures in June.
"In 2021 we had a projection of 30% that will not be able to be met," acknowledged days ago the Deputy Chief of Staff, Cecilia Todesca Bocco.
Look also
Prices slow down in the City: in July, staple foods increased 2.2%
Metallurgical costs rose more than inflation: 31.8% in six months
