Analysts from the financial market estimated that during July the rise in prices averaged 7.4% according to the survey of Market Expectations (REM) carried out by the Central Bank. The survey that was presented on Friday was conducted among 39 participants, including banks and consultants, between July 27 and 29, when Silvina Batakis was still Minister of Economy.

In this survey, those consulted estimated that inflation will reach the end of the year at 90.2%, which marked a rise of 14.2 percentage points compared to the measurement made at the end of June, before Martín Guzmán left that position.

Despite this sharp increase in the estimate of the inflation rate, those who participated in the REM calculated that the Gross Domestic Product (GDP) will increase this year by 3.4%, which represented a rise of 0.2 percentage points compared to the analysis previous.

In this framework, the unemployment rate would reach 7.7% in the fourth quarter of the year, two tenths more than the previous calculation, and above the 7% with which it closed 2021, when the economy grew 10.3 %.