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January inflation drives away Massa’s promise

January inflation drives away Massa’s promise

INDEC will report today the inflation data for January, which all consultants estimated between 5.5% and 6%, breaking with the slowdown that had shown in November and December. At the same time, the data removes the possibility that the prediction of the Minister of Economy will come true, sergio masawho said that expect the April data to start with a number 3.

The Government focuses on the increase in meat as one of the triggers for the index. In this sense, yesterday he announced measures to fix the prices of the 7 cuts called “parrilleros” until March 31 with a drop of 30%. Then, it will continue with the usual increase for Fair Prices: 3.2% per month until the end of June.

Inflation: INDEC will report the data for January and the consultants will forecast more than in December

The agreement with the producers requires them to have 18 thousand tons for this plan; in the meat industry they estimate that the usual thing for the time is to sell between 180 and 200 thousand tons, so its scope will be limited.

Other increases of relevance that will influence the data that will be given today will be that of the tourism and gastronomy, for seasonal reasons. Regulated prices will also have an impact, such as electricity and gas rates that very gradually begin to cut subsidies.

At the same time, Mass promised”micro and macro measurements“for the next few days to dilute the effect of the data that will be released this afternoon.

FM

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