January inflation will be between 20 and 23% and in February it would be reduced to 18%. There was a slight rebound in the first week of February.
The fall in purchasing power, with wages lagging behind prices, acted as a brake on remarking, leading to the pace of inflation slowing in January. Dairy, Meat and Baked goods explained almost 90% of the weekly inflation, according to one consulting firm. The increase in January was 21.7% in the Buenos Aires area, the largest since the beginning of the statistical series in 2012.