June's inflation is expected to be the highest of the year

June 30, 2018 | | | Read 22 times

According to the consumer price index of the CPI, inflation for the month of June would be the highest since the beginning of the year, between 3 and 3.5%. The rising dollar has been a key factor in rising food prices.

Up to now this year, the CPI was 1.8% in January, 2.4% in February and 2.3% in March. , 2.7% in April and 2.1% in May. It accumulates, in five months, 11.9%.

The inflationary target for 2018 is 27%, a figure which, in the eyes of the International Monetary Fund, could be raised to 29%.

For its part, the consulting firm Ecolatina recorded a rise of 3.6% in the first half of June compared to the same period of May, while the consumer price index rose of 4%. Nuria Susmel of the FIEL Foundation said that according to her calculations, the June CPI gives them 3% for the city of Buenos Aires, while for annual inflation, it is a bit more optimistic to situate it around 28%.

increases were noted in other areas, such as transportation and fuel. The National Institute of Statistics and Census of the Argentine Republic (INDEC) will also announce the figures for the month of June, 17 July.

INDEC will announce the official CPI data for June on July 17th.