Friday , January 15 2021

On Thursday, inflation is known for November and is expected to be around 3%

Indec will announce this Thursday inflation data from November last year, which they would be below 3%, thus living costs will accumulate so far this year an increase of around 42%, according to private estimates.

The consumer price index in October fell by 5.4% and accumulated 45.9% in the last 12 months as a result of strong increases in prices, prepaid and clothing and footwear.

According to the Orlando Ferreres Economic Research Center, inflation in November was 2.5% a month. "The price level continued to show signs of a slowdown in growth in November," he said.

He believed that "the highest products were 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 whole of society, it is the lower income sectors that are at the highest load.

According to data from Indec, until October, the basic basket of food and basic necessities – which determines the poverty rate – accumulated an increase of 54.6%.

While the curve of indigency, which only calculates food, an increase of 51.5% is recorded from year to year. The Elypsis consultant, on the other hand, calculated Inflation was 2.8% in November.

Meanwhile, the Market Expectations Survey (REM) published by the Central Bank stated that analysts expect a downturn in the rise in living costs in the coming months.

In addition to this beginning of the slowdown in inflation, the year ends with a general price increase of between 45 and 50%, one of the world's highest prices and comparable to what happened in 1991.

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