The main economic consultants estimated that the inflation rate for the last month of last year will be around 5% and the annual one would close around 95%, the highest since 1991.

The National Institute of Statistics and Censuses (INDEC) will announce today the monthly inflation for December and the annual inflation for 2022, with the dissemination of the Consumer Price Index (CPI).

Inflation lower than 95% projected for this year was that of 1991, the year in which the Convertibility Law began to apply and reached 84%, drastically reducing that of the previous year when it stood at 1,343.9%.

The Minister of Economy, Sergio Massa, anticipated that inflation in December ended below 5%, the same as what happened in November, when the CPI was 4.9%.

The latest Survey of Market Expectations (REM) of the Central Bank (BCRA) updated its forecasts for December downwards and indicated that it would be around 5.5%.

For the consulting firm Ecolatina, inflation for December will be 4.3% and 95.7% for the accumulated year, although it estimated that “probably the rate at the national level is closer to 5 percent.” For their part, EcoGo analysts forecast inflation of 5.2% and an annual increase of 95%.

The economist Sebastián Menescaldi estimated that “January comes with an important set of increases in regulated prices that can accelerate the increases” and that inflation will have a floor of 5% in the first quarter.