Despite the fact that the Government has high expectations regarding the inflation December, which is expected to remain around 4% (this after stabilizing food prices a bit), other items would affect the general index.
One of the items that most affects the price index is housing and basic services, which will have significant increases this month, since, on average, rents will increase by 80% and water and electricity rates by up to 40%, which will impact the inflation.
Along with rents, expenses will also rise this year, making it difficult for the Government to reach 3% of inflation in April, since, with the high housing costs, the number could continue to be very high.
It is estimated that only expenses increased by 95% during the last year, a trend that will continue in 2023which worries the tenants, who every day have to pay more to cover these expenses.
In this sense, for the first months of the year, the price index will be marked especially by the increases in rents, expenses and public services.
It should be remembered that since last year the Government has been gradually removing subsidies from energy, gas and water rates for users with higher incomes, therefore, in some cases, rates will increase up to 200% this year.
Meanwhile, from the Ministry of Economy, they advance all kinds of agreements with the main sectors, to put a brake on the inflation through the Fair Prices program, to which food, footwear, medicines, among other sectors, are already added.
How much will inflation close in 2022?
After the data about the price index November, which fell and reached 4.9%, prices accumulated a rise of 85.3%. In this sense, it is projected that if the figure in December is similar or lower, the annual average will reach 92%.
However, some analysts are a little more pessimistic and forecast a cumulative of between 95% and 97%. In any case, it will be the highest figure recorded in the last 30 years.
