The consulting firms estimate an inflation of 2.9% for September and 36.9% for the year

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sales of the most basic foods fall 3.1%




OWN DLA | 08/14/2019 @ 19:09 Mendoza August 14, 2019 Shopping in supermarkets prices Ezequiel and Cristiano look at the milk prices at the wholesaler Blow Max. Mendocinos go to supermarkets to stock up before prices rise. Photo: Marcelo Rolland / Los Andes gondolas, merchandise, inflation, dollar, sales, buyers, consumption, food.


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OWN DLA | 08/14/2019 @ 19:09 Mendoza August 14, 2019 Shopping in supermarkets prices Ezequiel and Cristiano look at the milk prices at the wholesaler Blow Max. Mendocinos go to supermarkets to stock up before prices rise. Photo: Marcelo Rolland / Los Andes gondolas, merchandise, inflation, dollar, sales, buyers, consumption, food.


Analysts estimated that the inflation September reached 2.9%, and corrected the estimate of the drop in Gross Domestic Product for the year to 11.8%, that is to say 0.3 percentage points less, according to the Market Expectations Survey (REM) carried out by the Central Bank.

For September, the average of the ten main market analysts estimated a variation of inflation of 2.9% per month, above the 2.7% that the Indec registered in August,

Despite this increase in the short term, analysts estimated that for December, inflation will be around 36.9% which marked a decrease of 0.9 percentage points with respect to the calculation made at the end of August.

In the REM published today, the results of the consultations carried out between September 28 and 30 were disseminated.

There, forecasts from 42 participants were contemplated, among whom were 27 consulting firms and local research centers, 13 financial entities from Argentina and two foreign analysts, the BCRA reported.

Those who participated in REM estimated that the Gross Domestic Product will drop 11.8% this year, which marked a reduction of 0.3 percentage points compared to the previous calculation.

For the current month, they forecast a Badlar rate for private banks of 30.85%, “with an increasing trend in the coming months.”

In this context, they adjusted their monthly projections for the nominal exchange rate downwards and expect it to reach $ 83.8 per dollar in December (- $ 0.5 per dollar compared to the previous REM), contemplating that it will reach $ 121.5 per dollar by the end of 2021.

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