09/14/2021 16:01
Clarín.com
Economy
Updated 9/14/2021 4:01 PM
The National Institute of Statistics and Censuses (Indec) reported this Tuesday that inflation for the month of August throughout the country was
2.5%
, the lowest so far this year.
It is also the first time in 12 months that the Consumer Price Index (CPI) has dropped below the three-point barrier.
With the figure reported this Tuesday, accumulated inflation so far this year is 31.6%.
The official data was released just two days after the ruling party had a tough defeat in the legislative STEP.
This year, the highest inflation record was in March, when it touched 4.8%.
From there it fell, as the official strategy of using the dollar as an anchor became effective.
Thus, the currency is devalued at 1% per month while prices run at 3%.
In July, the CPI marked 3% inflation and had been the lowest since September 2020, accumulating an increase of 29.1% in the first seven months of the year.
Private analysts agreed that August would be the month in which that floor would be drilled, with forecasts ranging from 2.6% to 2.9%.
The Minister of Economy, Martín Guzmán, assured last Thursday that "we are anticipating that the month-on-month inflation rate will go on a decreasing path. This is what has been happening."
But private consultants warned that
the relief will be short-lived
, as the expected increases for the next few months, together with the exchange rate uncertainty, will put pressure on the index by year-end.
The list of increases authorized for September includes from the 9% hike for prepaid to private school fees, plus the increase in expenses, rents and bank commissions.
News in development
LM
Look also
In August, a Buenos Aires family needed almost $ 150 thousand to live
Staple foods increased just 1% in the City of Buenos Aires in August
