The CPI for March in the City of Buenos Aires gave an increase of 7.1% compared to February, therefore the annualized price increase is 105.5%. This is in line with private estimates at the country level that are around 7.3%.
“The inflationary rhythm is sustained and is far from the 3% monthly projected by Sergio Massa”, assured Ariel Maciel, a journalist specializing in economics at Perfil. “Expectations greatly influence inflation,” he completed.
“The macro is not aligned with the forecast of 60% announced by the Government, inflation accelerated more than expected despite the increase in interest rates”, asserted the interviewee.
Entrepreneurs concerned about the impact of inflation
Along the same lines, the journalist said that the bad mood in society is remarkable due to the constant increase in prices. “People who work in white do not get to cover their basic needs. Entrepreneurs fear that they will be put in the center of responsibilityMaciel said.
“It is inevitable that the increase in tax pressure will be transferred to prices”said the interviewee in relation to the new VAT collection system.
Inflation projections with an eventual change of government
“The government of Alberto Fernández has less and less powerit is important what will be the perception of the economic agents with the eventual change of government”, shot Maciel.
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