US EditionFederico Furiase Analyzed the Rise of the Dollar and the Possible Transfer at Prices
4 Articles
4 Articles
The director of the Central Bank, Federico Furiase, analyzed the rise of the official dollar of 13.6% in July, and that caused the retail quote to set a historic record. In an interview with Luis Majul, the official minimized the impact that this variation could have on prices and ruled out that the dollar is behind. On the other hand, he talked about the possibility of the quote reaching the roof of the band, which is $1450: “It’s not our base …
The dollar rose by 14% in July, while all estimates of consultancy inflation are between 1.6 and 2% for that month, similar to the previous months, in which the exchange rate remained stable. However, the rise of the last few days in the currency could imply a transfer at prices, which the government seeks to avoid. There are automobiles that already confirmed that they will increase to 5.5%; the food companies sent new lists of up to 9%, which …
The advance of the exchange rate impacted on mass consumption. Trades and supermarkets already receive lists with new price rises.
After the official dollar rose by 13% during July and ended just below the upper limit of the government’s flotation band established at $1400 per unit, food, beverage, cleaning, hygiene and toilet companies began sending price lists to supermarkets with up to 8%. That’s why it is expected that in the next few hours a negotiation will begin to try to make adjustments “more close to 5% than 10%,” according to a supermarket sector source to Agenci…
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