This Tuesday afternoon National Institute of Statistics and Censuses (INDEC) publish the Consumer Price Index (CPI) with April inflation, the first data in five months that will reach the single digit.
This is a number celebrated by the Government of Javier Milei within the framework of its adjustment and liquefaction policy of public spending and salaries, elements that today drive a strong recession economic
Behind the inflation peak of 25.5% in December following the devaluation carried out by Luis Caputo and the liberation of regulated pricesthe CPI was decreasing strongly due to the every consumption and the lower impact of macroeconomic variables.
Despite this, only in the first quarter of 2024 was a price increase of just over 50%in conjunction with a historical fall in wages measured in real terms.
In this scenario, for the data April which will be known this Tuesday, May 14, most of the consulting firms expect a number that, for the first time since October, would be less than one digit.
In particular, Specialists calculated between 8.5 and 9.5% inflation for Aprilwhile the only official data available, the CPI of the City of Buenos Aires, reached a 9.8%: How much was inflation last month?
April inflation: how much did the CPI reach last month
For the month of April, the main consulting firms collected numbers of inflation between 8.5% and 9.5%which would imply a consolidation of the way down started in January after the peak of 25.5% in December 2024.
According to EcoGothe economist’s consulting firm Marina Dal Poggettothe price increase in April was 8.8%about 2.2% below the 11% in March.
The good news from the specialist appears in the most relevant area for the general population: Food and drinks. According to your measurement, these rose 5.6%, again below the monthly average. In contrast, the section that grew the most was “Housing” with 49% monthly.
For its part, the consultant LCG I also measured the April inflationalthough only in Food and drinkssection where it registered an increase of just one 2.4% during the fourth month of the year.
Added to this data is that during the fifth and last week of April a drop in the surveyed prices of 1% was recordedso during those seven days the values did not increase, but rather decreased with respect to the previous weekly measurement.
Orlando J. Ferreres & AssociatesOn the other hand, it registered a number similar to Buenos Aires inflation: 9.6%, which almost didn’t touch two digits.
“As for the main items, Housing and Education led the increases of the month, with monthly increases of 53.6% and 9.6% respectivelyfollowed by Food and Beverages and Clothing, which presented a variation of 6.5% and 5.8% respectively,” their report details.
Finally, the Survey of Market Expectations (REM) published by the Central Bank last week, it anticipated 9% inflation for April based on the average of the projections of 39 specialists consulted.
Among these, there are 26 local and international consulting firms and research centers and 13 financial entities in Argentina.
For May, on the other hand, they estimate a monthly inflation of 7.5% and a total CPI of 161.3% for all of 2024. This is a cut of 28 points compared to the previous measurement.
