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The INDEC Report on Thursday the data from Inflation November which will be under 3 percent and accumulated so far this year around 42%, according to private estimates.
The October consumer price index (CPI) fell by 5.4%, accumulating 45.9% over the past 12 months, as a result of sharp increases in rates, prepayments and clothing and footwear. According to Orlando Ferreres Economic Studies Center, November inflation is 2.5% per month.
"The price is coming to show signs of slowing down in its growth rate in November," he said. Considering that "in particular, the items with the highest incidence are food and beverages, together with various goods" with an adjustment of 2.5% and 5.8% respectively.
Although the sharp rise in prices affects the entire company, it is the lower income sectors that suffer most severely. According to data from INDEC, by October, the basic basket of food and basic requirements – which determine the poverty index – has accumulated an increase of 54.6%. While the basket of indigens, which only complements food, recorded a year-to-year increase of 51.5%.
The consultant Elipisae, for its part, calculated that inflation was 2.8% during November. Meanwhile, the market expectations survey (REM) issued by the central bank said that analysts expect a slowdown in the rise in the cost of living in the coming months.
In the inflationary trend the next year exceeds a generalized increase in prices between 45 and 50%, one of the highest indices in the world and comparable to what happened in 1991. For the president of the Central Bank, Javier González Fraga, the trend Will slow in 2019 and inflation will be closer to 20 than the 30% estimated by the consultants.
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