With the beginning of the phase 3 of the economic program, Javier Miley, marked mainly at the end of the exchange rate, the speculation also began with a possible effect of the growth of the official dollar (it closed April with an increase of 8%) in April inflation.
The fact is that in March the consumer price index (IPC) strongly bounced and amounted to 3.7%, mainly due to growth in several areas, such as the case of food and drinks. For this reason, at the beginning of the month, everything seemed to indicate that this, added to a new exchange scheme with the fleet between the stripes, could shoot the number again.
Nevertheless, in recent weeks it has been noted that there was no significant increase in prices and even in some cases, they had to develop. In this sense, various consultants calculated that April inflation will be below 3%. According to the latest C&T report, the figure will close at 2.7%.
April inflation will be about 2.7%: what does C&T report say
An inspection of prices for C & T prices for the GBA region in April was increased by 2.7%, which is much lower than 3.7%, that INDEC went down to March.
With the help of these data, inflation for 12 months continued to decline: from 55.6% in March to 46.8%; In this case. “This is the lowest since April 2021,” said the consultant.
Why has inflation decreased in April, despite the end of the shares?
According to the survey, a decrease in inflation in April is partially due to the lowest increase in the formation zone (4%) after the usual peak of March.
For Indec, this peak was 21.6%. “In the same sense, seasonal products, such as fruits and vegetables; The prices for them fell significantly, while the prices for them were softened after the peak, which they showed in March with heavy rains, ”the report adds.
“But the main inflation, which puts off adjustable and seasonal components, such as these, has also decreased within a month after the growth that seemed from the middle of the scale,” says C& T.
In this case, the least rhythm of increasing various products was a key, mainly as what happened to meat. “Thus, a set of food and drinks grew by 2.2% in a month, after 5.4% in March,” he says.
Housing was another subject that was modified in April after raising the salary of the building managers last month.
“In various components in the first part of the month, a higher growth rhythm was observed, probably associated with expectations regarding modifications of the exchange regime, but then moderation,” he notes. At this stage, some products and drinks, home equipment, cleaning products, tools, cars, electronic products, toys and gas stations can be included.
As for clothing and rest, in both cases there was a greater increase in prices, although for seasonal reasons mainly. “In rest, the components associated with tourism recorded a higher growth from the Holy Week holiday,” the report is analyzed.
On the other hand, faced with the beginning of May, it is important to note that the moderation that took place within a month leaves “statistical resistance” is surprisingly less than the acceleration of prices remaining by March for April.
When April data inflation are known
Indec will publish April MPC on Wednesday, May 14. In March, prices rose by 3.7% and accumulate by 55.9% over the past 12 months.
