INDEC releases inflation for the month of February

The latest official data indicates that In January, inflation repeated the 4% increase reached in December, driven by a sharp increase in food, telephony and the Internet. The consultant Orlando Ferreres felt that Last month’s figure was 3.3% driven by transport and communications.

The same number was calculated by the consultant Ecolatina, who evaluated: “The postponement of the official exchange rate is emerging as the government’s main weapon to contain rising prices as the peer ‘high season’ approaches.”

In this scenario, he predicted that “the seasonality of March, along with adjustments to prepayments, fuel and a possible tariff update, would place a raised floor in the third month of the year, bringing cumulative inflation for the first quarter of the year to exceed 10 % ”.

According to the Statistical Institute of Workers, which depends on the Metropolitan University for Education and Work (UMET), the cost of living of Argentinian employees increased by 3.7% per month in February, thus showing a slowdown compared to previous months.