Highlights: The market has already warned the Central Bank that it expects inflation above 100% for the whole of 2022. The forecast has been included in the Market Expectations Survey (REM) conducted monthly by the BCRA.
The salient point of the report released just now by the monetary organization is this: at the end of September 2022, market analysts predicted that retail inflation for the current year will be equal to 100.3% (5.3 percentage points more than the previous survey forecast).
– Those who best predict this variable for the short term expect average inflation of 101.5% year over year (2.1 percentage points higher than the August survey).
Similarly, EMN participants revised their inflation forecasts for 2023 placing it at 90.5% ai (6.4 pp more than the previous REM) and for 2024 to 66.8% y / y (3.7 pp more than the previous survey).
As regards core inflation, those who participated in the REM expect that at the end of 2022 it will reach 99.2% y / y (4.3 pp more than in the last survey).
This week the head of the Central Bank, Miguel Pesce, assured that in 2023 the decline in inflation will be very pronounced and the Government will be able to meet the forecasts of 60% per annumas stated in the budget bill that is under discussion in Congress these days.
Source: Clarin
