The private sector expects accumulated inflation of 161.3%, when it previously expected close to 190%. According to projections, the year would end with monthly increases of less than 5%.
This Tuesday the Central Bank (BCRA) published the Survey of Market Expectations (REM) April, in which The participating consulting firms and financial entities reduced their inflation expectations by 28 percentage points for the accumulated of 2024. In this way, the private sector now expects an increase in prices of the 161.3%.
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In the March REM, annual inflation of almost 190% was expected. This reflects that the market changed its perspective and now foresees a sustained path of disinflationwhich would end the year with monthly increases below 5%.
Regarding the April data, which INDEC will officially announce in the coming days, the participants estimated 9%, while for May they foresee 7.5%.
At the same time, the REM results showed a expected increase for the dollar of 102.5% for all of 2024, 21.5 points below what was expected in March. If the projection comes true, the exchange rate would have a significant delay compared to December 2023, when the Government of Javier Milei made the decision to take a devaluation jump.
