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Inflation in November was 3.2%; it fell less than expected – 12/13/2018

Despite what was expected in the private advisors who make their measurements, and in a certain way also in the government, the November national inflation was found in 3.2%, According to the National Institute of Statistics and Commander (Indec), to arrive on Wednesday Inflation in the 11 months of 43.9%.

In recent days, and due to the cumulative effect of the strong monetary squeeze, which led to a significant decrease in mass consumption, and in addition to a certain exchange rate calm, there were several private measurements that risked that in November the floor could be drilled. % Inflation, but such forecasts have failed.

Official sources were pleased with the approval of the low inflation trend, warning that 3.2% reported that "is consistent with our estimates."

However, the official figures reported by INDEC confirms the third month of price slowdown, from a peak of 6.5% in September, which saw the largest transfer to the dollar appreciation prices.

In any case, the cumulative of the year has been very high (43.9%), however The highest value will exceed 40.9% recorded during the 2002 crisis, Although the figure was later coordinated in the first year of the government of Mauricio Macri.

Among the more important items, health expenditure (5.7%), alcohol and tobacco (4.6%) were aligned.

Food, as a rule, increased 3.4%, that is, above the general variation. In particular, the products with the strongest increases were yogurt (21.4%); White rice (6%); The dry noodles (6.7%) and the burgers (6.3).

According to official data, goods were 3.7% this month, while services rose by 2.1% a month.

From a geographical point of view, the highest inflation, at the level of the year, is that of Patagonia (46.7%) and the lowest, that of Buenos Aires (43.1%).

The sectors with the largest increase this year were transportation (68.2%), housing, water, electricity, fuel and other fuels (66.7%), mainly due to policy updating tariffs for public utilities performs the government.

Consumer prices earned in 2017, before the fall of the peso, increased by 24.8%, almost eight percentage points higher than the target of 17% established in 2017 by the central bank.

In 2018, the inflation target included in the budget began with 10%, was raised to 15% and then increased with the passage of months. According to economists' forecasts, this year will end with a price increase of around 47%.

News in development.

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