Next Tuesday, the INDEC will release the Consumer Price Index (CPI) for February.
The discussion is open about whether it will be located a few tenths above or one tenths below 6%.
What is clear is that it will be the official confirmation that
inflation in the last twelve months already exceeds 100%
, a record for the first time since 1991.
This jump in inflation coincides with a greater inertia in prices that is reflected in an acceleration of the rate of remarking.
A survey by the consulting firm EcoGo shows that
in the last four weeks the set of prices for the family consumption basket that showed variations reached 80.1%.
This represents a marked jump, since three months ago that index was around 30%.
Also from the LCG consultancy they see signs that
the redials are more and more followed.
For LCG in the first week of March,
the percentage of products with weekly increases was 40%,
15 percentage points above the average change in the previous four weeks.
This is the second highest percentage so far this year, surpassed only by the fifth week of January, when it had reached 44.8%.
In this measurement, prices of 8,000 foods and beverages from five supermarkets were surveyed.
A year earlier that percentage was 17%
.
"Prices continue with their high inertia," says Guido Lorenzo, director of LCG.
"Everything that we survey on average in a month is updated. Even though inflation has receded, that inertial component remains high and cannot be broken, with which it is difficult to think of inflation
that will slow down sharply in the future."
A survey by GMA Capital economist Nery Persichini shows that prices double every 12.1 months.
In 2005, when annual inflation was 3.7%,
it took 120 months for the CPI to double.
"The speed of price doubling is directly related to inflation. It is the other side of the coin. But
the higher the rate of inflation, the greater the dispersion in prices throughout the economy.
Thus, there were items such as clothing and footwear ( with an increase of 120.6% year-on-year), whose prices doubled in a little less than 11 months", points out Persichini.
Added to the rise in the products in the basket is the fact that more and more contracts are adjusted for inflation.
At the start of this month, the
Government announced that the rates for buses and trains will be updated monthly
according to the inflation rate.
Thus, this item was added to the list of contracts that increase according to the CPI.
This list includes the UVA fixed terms, the investment option that pays a few tenths of interest above inflation and that has been decisive in retaining the pesos in the banks.
Also included in this lot are UVA, pledge and mortgage loans.
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