The latest data released by the National Institute of Statistics and Censuses (INDEC) show that July inflation was 7,5 %, which yields a total of 46.2% in the first seven months of the year. In this context, the analyst and economist from Rosario Salvador Di Stefano predicted an alarming forecast for the price of the dollar in the coming months. The guru of the local City predicts that by the end of the year the blue dollar, the Stock Exchange dollar and the cash with liqui will be listed in $ 400 and that in April 2023 it will climb to $ 600. This Wednesday, August 31, the parallel dollar is sold at 290 pesos.
According to the specialist, when the current president Alberto Fernandez assumed the producers of the field began to sell “soybean, wheat and corn” for fear of possible withholdings that might apply.
Now according to Of Stefanothe government should “build trust and take courageous action” instead of holding back the countryside.
He also remarked that field producers hope that the Government’s promise of officialize a soybean dollar at $200 and that, for this reason “does not sell and there is less and less liquidity of soybeans“.
“Companies that want to import the official cannotso they do it with the CCL (dollar counted with liqui), “said the specialist.
“If everyone acts like this, the value of the dollar increases and that is why I think that at the end of the year it will be at 400 pesos“, he claimed Of Stefano. He also warned that “from 400 to 500 pesos there is a jump of only 25% and from 500 to 600 pesos of only 16%“.
“I’m falling short on the forecast“, reflected the specialist in economy on the inflationary increase and the prediction in the price of the dollar in Argentina.
To conclude, the economic specialist added that the country “going to high inflation and devaluation for these mistakes” and urged the field to increase the values of the products, since for 5 months “they remained stable”.