The feeling that hehe prices had been slowing down since the April peak (8.4%) was confirmed today when the INDEC published the consumer price index (CPI) corresponding to June: with a striking 6%, as NEWS had anticipated this Wednesday. A sharp drop in speed but that still ends up putting inflation for the semester above 50% (50.7%), a psychological barrier that is expected not to be repeated in the second part of the year since If it is repeated, it would place it back in the three annual digits: 126% would be that projection.
The items in June presented a great diversity in their behavior. While Communications rose 10.5%, Health (8.6%) and Housing (8.1%) were well above averagethe “ballast” that compensated for the drop wasn Alcoholic beverages and horsefly (4.5%), clothing (4.2%) and food (4.1%). The great responsible for this striking relative delay is the price of meat that did not continue with the rise in summer, as a result of the liquidation of bellies in the market to alleviate the lack of pastures.
In the same way, what is called the CPI Núcleo was above the general price (6.5%) and the same thing happened with regulated prices (7.2%), which in July will face increases in tariffs and the shipment of fuels that They fight not to be left behind. The same thing happens with the official dollar, which is in the center of attention due to the exchange gap that had been closing but the rise in the “blue” and financial exchange rates this week atthreatens to open a new front in economic policy. Again, a short blanket for the minister-candidate Sergio Massa who will have to balance between the demands of the IMF to decompress the suffocation in reserves (the BCRA already operates in negative margins) and the reluctance to a traditional devaluation that alleviates the continuous drain of Dollars.
For nowthe price side found a truce for the remainder of the month, hoping that the next edition of the IPC, two days before STEP do not bring bad news.
