This Thursday, the National Institute of Statistics and Census (Indec) will reveal the inflation data for January, which is expected to show a new monthly decrease. According to the agency's calendar, the evolution of the Consumer Price Index (CPI) for January will be announced at 4 PM on the same day.
Minister of Economy, Luis Caputo, anticipated that the inflation for January would be around 2.3%, noting that, if confirmed, it would be the lowest during his tenure. Caputo mentioned the increasingly widespread opinion among analysts about a methodological underestimation in Indec's measurements, attributed to the low weighting of public service prices in the index.
Regarding the City of Buenos Aires, the inflation for January was 3.1%, showing a decrease from the 3.3% recorded in December. The city's index reflects an annual inflation rate of 100.6% in the last twelve months, with a reduction of 36.7 percentage points compared to the previous year.
Caputo celebrated that the inflation index for January, which Indec will publish, is expected to be around 2.3%, in line with market expectations. He considered it a very positive piece of news, indicating progress in the disinflation process due to the actions implemented.
Regarding market forecasts, inflation for January is expected to be at 2.3%. On the other hand, the Institute of Labor Statistics (IET) reported that the monthly inflation for January was 2.5% and mainly affected higher-income households. Nicolás Trotta, executive director of the Center for Concertation and Development (CCD) and former Minister of Education, emphasized the importance of methodological differences regarding the purchasing power of workers.
