The economist Orlando Ferreres shared his vision about the trend of inflation in 2025, where the Government projected a total of 18.1% and estimated the annual index. In an interview on Radio Perfil, Ferreres mentioned the possibility of an increase in inflation due to the exit from the exchange rate controls and anticipated when it could happen.
According to Ferreres, a 26% increase in prices could be expected between January and December, assuming that after the October elections the exchange rate controls are removed, which could lead to a jump in the exchange rate and, consequently, an increase in inflation. Despite this, the economist believes that the price increase will be manageable since the Government has accumulated reserves from negotiations with the IMF and banks.
Regarding the value of the dollar, Ferreres emphasized the need for a higher exchange rate to achieve "equilibrium parity" in the dollar, pointing out that the Government is trying to avoid this scenario by calculating the real exchange rate with the United States instead of the theoretical equilibrium parity.
"The Government does not benefit from calculating the theoretical equilibrium parity... rather, it benefits from calculating the real exchange rate with the United States," explained Ferreres. He considered several reference values of the exchange rate throughout history and how these could affect the current economy.
