While citizens prepare to assume the increases that arrive in November, the Government hopes that the inflation October is lower than what private consultants have forecast.
In this sense, according to the preliminary report received by the Minister of Economy, Sergio Massa, and President Alberto Fernández by INDEC (National Institute of Statistics and Censuses), the price index for the tenth month it will be around 6.1%, a value similar to the inflation registered in September (6.2%).
With this, the country would add a inflation accumulated of 76% in the first 10 months of the year. However, the private consultants contemplate a slightly more negative scenario, especially due to the rises in food that, during October, reached 7%.
In figures, analysts expect a price index between 6.5%, which is the lowest value, and 7.1%a number close to the figure reported in August (7%) or the historical figure for July (7.4%).
Therefore, in order to control price escalation, especially by mass consumption companies, the Government is preparing a series of strategies; among them, launching a plan to freeze prices for at least four months.
Likewise, the Executive Branch will investigate and sanction companies that increase prices above the general index, since the increases in many cases “are unjustifiable” and are unfair to competition.
Meanwhile, while the government plans a inflation accumulated about 90% or less, private consultants estimate 103%, a figure that has not been seen in the country for decades.
When will October inflation be known?
While the expectation grows about what will be the price index for the tenth month, INDEC will release the official figure next Tuesday, November 15. The number will be impacted by increases in food and beverages, health and apparel.
Meanwhile, it is expected that for November the figure will have a floor of 6% or more, since there are increases in fuel, gas, electricity, private schools, taxis, rents and expenses, among other items.
