Today the Indec Announces the Data of Inflation of July: What Advance the Consultancies
13 Articles
13 Articles
This Thursday the Consumer Price Index (CPI) of the seventh month of the year will be released. Privates consider that there was an acceleration compared to June due to seasonal factors
The CPI thus cut the slowdown trend and was in line with what was expected by the private sector. What were the areas with the greatest increases.
At 16 o'clock the IPC of July and the market anticipates a rise of between 1.9% and 2.1%, with pressure on winter holidays, tourism and air tickets. If it exceeds 1.9% of June, the slowdown could be put on hold and the government would face a new warning signal.
The July inflation figure was driven by seasonal factors by winter school holidays.
The National Institute of Statistics and Censuses (Indec) will announce on Thursday the variation of the July Consumer Price Index (CPI), which, according to the estimates of private consultants, would have reached 2 per cent, just one tenth above June. Beyond the “psychological effect” which means that the price variation cannot “perforate the floor” of 2 per cent, the fact is that inflation in services, many of which cannot be postponed to pay…
The July inflation rate would be higher than 1.9% in June and consequently the process of deinflation to which the government was betting in the second part of the year would have been paused. The average of the main consultants indicates that last month’s cost of living was 2%, according to the Relevance of Market Expectations (REM) published by the Central Bank. This variation is fed by a minimum of projections with flooring in 1.8% and also b…
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