The government's measures would not be enough to lower inflation in April: how much will it be

While the Government prepares a series of measures to contain the effects of the inflationexpectations are growing about the figure to be reported in April, after the dramatic increase seen in March of 6.7%.

Although the Executive Power has indicated that for the fourth month of the year the price index would improve, projections indicate that the inflation It won’t go down as much as expected.

The government's measures would not be enough to lower inflation in April: how much will it be — The high cost of products and services affects their consumption.

This, given that a preliminary report from the National Institute of Statistics and Censuses (INDEC) forecasts that, by April, the inflation would have a floor of between 5.5% and 6%.

However, it should be remembered that the projections for March were similar; because initially it was thought that the rate would be 4%, then the value rose to 5.5% and, finally, the latest projections indicated that it would be above 6%.

The government’s priority is to reduce inflation.

Below this line, inflationary pressure could remain, at least during this month, when it is expected that the numbers will begin to fall and the trend will continue during May and June.

Although for now nothing is certain, and the data would not be entirely accurate, what happens in the remainder of the month will determine the floor on the price index, which could still be high.

In the first quarter of the year, food prices rose 20%.

Meanwhile, private consultants project that there will be a decline, since it is expected that the inflation April reaches 4.3%, according to the latest Survey of Market Expectations (REM).

This same estimate is made by the Minister of Productive Development Matías Kulfas, who foresees a floor of 4%, this, given that the increase in prices entered a slowdown process, which will be gradual.

Argentina has the second highest inflation in the world.

The Government announced several measures to deal with inflation

While waiting for the official figure on the price index for April, President Alberto Fernández announced that There will be a bonus for monotributistas, informal workers and retirees.

The bonus will be $18,000 and $12,000, respectively.

This, in order to improve the income of the most vulnerable populations. In addition, the Government prepares a tax for companies that have had “extraordinary income”.

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