The National Institute of Statistics and Censuses (INDEC) will release this Wednesday the inflation rate for August, which according to private estimates will be above 6%. Analysts also maintain that according to the trend with which September began, accumulated inflation for 2022 is already at values close to 100%.
In fact, the last Survey of Market Expectations (REM) published by the Central Bank (BCRA) revealed that the consultants with the best performance in their forecasts placed it at 99.4%, after raising their calculations 4.7 points above the month previous.
The only official data to date is the one released last week by the City of Buenos Aires, whose Statistics Department reported that the IPC of Buenos Aires increased by 6.2%. In this way, in eight months it advanced 53% and 74.6% in the year-on-year comparison. As has been happening in recent months, the strongest price rises occurred in Clothing and health, while food rose 6.4%.
For its part, the consulting firm Focus Market estimated that the variation in prices for August was 6.2%, while Analytica placed it at 6.4% and LCG at 6.5%. Meanwhile, for Eco Go and Cy&T it was 6.7%.
🗓️ September 2022. Schedule the reports for the coming months: https://t.co/fHHMUwdWH3
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— INDEC Argentina (@INDECArgentina) September 1, 2022