Advisors confirm they see inflation of between 6% and 7% for August

Pending official inflation data for August, which INDEC will report on September 14, economists are discounting the fact that the change will exceed 5%. The projections of the main consultants indicate that the increase will be between 6% and 7%. This situation occurs without having implemented the removal of tariff subsidies and without sudden changes in the price of the dollar. With which, it is estimated thatn September, inflationary pressure will be even greater and the total change for the year will reach 90%.

In August, the main items that pushed the price level up were fuel, public transport, prepaid, food and school fees in the province of Buenos Aires.

A few weeks ago, consultants estimated inflation for this month to be above 6%.

According to the indicator reported by the consulting firm Orlando Ferreres y Asociados (IPC-OJF GBA), the preliminary data on inflation for August (average of the first four weeks of the month against the average of the four weeks of the previous month) was 6.2% monthly, while the core measurement was 5.6%.

“Furthermore, the average measurement of the fourth week of the month compared to the fourth of July was 5.5% monthly,” the consultant said in his latest report. On the other hand, “headline inflation and core measurement for the fourth week of the month were 1.1%,” he said.

Meanwhile, the consulting firm Ecolatina designs a 6% apartment for this month, in addition to the Equilibra consultancy. While other projections surpass them: C&T expects an increase in 6.5% and Analysis of 6.4%. In carrying out the eighth month of the year, the behavior of Food and beverages. According to the weekly measurement made by the consultancy LCG, staple foods accumulate in the last four weeks of August, with an average increase of 6.4% and 6.6% in end-to-end measurement.

According to some analysts, the acceleration of inflation in July and August shows that prices are adjusting based on the expectation of a higher official exchange rate. And they ensure that the exchange rate correction is key to coordinating expectations in a stable scenario.