2023-07-07 23:40:51
He Central Bank (BCRA) published the Survey of Market Expectations (REM) June, where consultants and analysts project inflation for the past month. According to the forecasts of the country’s main analysts, inflation will increase 7.3% in June and the Consumer Price Index (CPI) will close 2023 with an increase of 142.4 percent.
Los resultsAlthough they confirm the expectations of high inflation for the remainder of the year, they represent a improvement compared to the projections that were given in the previous REM. In May, analysts had said that inflation would be 8% in June and 148.9% in all of 2023.
Regarding the IPC Núcleo, the REM participants also revised downward their forecasts for 2023, placing it at 141.0%, and for 2024, at 103.8%; for the 2025 annual period they projected core inflation of 53.5%.
In the current survey, the REM analysts project a real Gross Domestic Product (GDP) level for 2023 that is 3.0% lower than that of 2022.
For July, those who participate in the REM forecast a BADLAR rate for private banks of 92.50%, similar to the average rate registered during June (92.45%).
In the City of Buenos Aires inflation was 7.1% in June
For its part, the Consumer Price Index of the city of Buenos Aires (Ipcba) last June had a monthly rise of 7.1%while the accumulated increase in the first semester amounted to 51.2% and in the interannual measurement to 118.6%, as reported this Friday by the General Directorate of Statistics and Censuses of Buenos Aires.
Day iInflation for the month was marked by the incidence of housing, water, electricity, gas and other fuels, with an increase of 10.2%, due to the impact of rents, while food and non-alcoholic beverages -the one with the highest weight in the index- registered a rise of 5.8%.
The report of the Buenos Aires agency was released before the dissemination of inflation for the entire country that the National Institute of Statistics and Censuses (Indec) will do on July 13.
The 7.1% in June marks a decrease in relation to the 7.8% in April and 7.5% in May, completing two consecutive drops for the first time in 2023.
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