On the afternoon of this Wednesday, the National Institute of Statistics and Censuses (INDEC) revealed the data with which the inflation of March. With an alarming figure of 6.7%, the number is the highest in the last 20 years.
Although analysts and the government had already anticipated that the price index would be above 6%, with the strong rises, mainly in food, the inflation scored more than expected.
Now, after revealing the figure, expectations are centered on how much the inflation in April, where the question is whether it will rise more, even to 7%, or remain above 6%.
In this sense, the analysts explain that the inflationary pressure will drop for the fourth month of the year; but despite this, the price index will still remain high, so the Government is working to contain the escalation of prices.
According to the latest Survey of Market Expectations (REM), projections indicate that for April the figure will reach 4.3%which according to analysts will mark a downward trend for the following months.
In this sense, in May and June inflation could be around 3.7%, and from then on it will drop even more, since in July it is even expected to reach 3.6%. Despite this, the forecast is that the accumulated annual figure reaches 59.2%.
What could mark inflation in April
Undoubtedly, the price index will be affected by increases in food prices, which during the first quarter of the year they reached more than 20%especially due to the impact of the conflict in Ukraine.
Under this line, if the Government fails to regularize prices, the inflation April will again be marked by these increases, which, like clothing, transportation and public services, were the ones that had the most increases.
In this regard, the Minister of Economy, Martín Guzmán, announced that the Government is preparing an ambitious and robust macroeconomic policy plan to reduce the price index during April.
