Inflation would reach 8% in July and could close the year above 90%, according to consultants. According to the latest official data, inflation rose to 5.3% in June and reached 64% in the last 12 months, the highest year-on-year level in the last 30 years. Analysts project that percentage will be well above in July.

For this month, the consulting firm Ecolatina detected that in the first fortnight prices increased 7.9% in relation to the same period of the previous month. Although the increase was generalized, there were significant increases in home appliances; furniture; tools, among others. For Ecolatina, 2022 will end with an inflation of at least 85%.

For its part, the FIEL Foundation projected an inflation of 8% in July, while for EcoGo, the index will be a little lower, 7%.

Another consulting firm, Focus Market, estimated that July inflation registered increases of up to 9.5% in the hygiene category; 6.5% in hair care; 5.7% in alcoholic beverages and 5.3% in dairy products. This consultant estimated that inflation in 2022 will climb to 92%.

Focus Market pointed out that between 2014 and 2022 the accumulated inflation was 1,652%, with a monthly average for the period of 2.8% and an annualized average of 40.5%.