Friday May 12, 2023 | 8:15 a.m.
This Friday the National Institute of Statistics and Censuses of the Argentine Republic (INDEC) will release the inflation data for April and analysts expect the index to be around 8%, in line with last month’s figure, which was the highest of the management of Alberto Fernández.
The state body will publish the official data this Friday, May 12, after its failed attempt to postpone the publication date until the following week due to elections in several provinces. According to the Survey of Market Expectations (REM) published by the Central Bank (BCRA), analysts estimated that it will be 7.5%, although some consultants consider that the figure could be closer to 8%.
The rise in March reached 7.7%, while the accumulated figure was 21.7% so far in 2023 and the year-on-year variation was 104.3%. In February, inflation climbed to 6.6% and in January it was 6%, with which in April the downward path of the price dynamics would further deepen and Massa’s objective of reaching this month “with a three ahead.”
Argentina was in second place in the ranking of countries with the highest food inflation
Argentina ranks second in the ranking of countries with the highest food inflation in the world. According to a report prepared by the World Bank, the country is located behind Lebanon and before Zimbabwe, Iran and Turkey or African countries such as Rwanda and Ghana.
The agency published an update of its Food Security report, prepared between the months of January and April 2023, where Argentina is the only Latin American country that is in the top ten of the nations hardest hit by food inflation, with 107%. The report clarified that Venezuela is not part of the survey because the agency uses statistics from those countries that have available data.
The World Bank noted in its report that domestic food inflation remains high around the world, especially in low- and middle-income countries, with levels above 5% in 64.7% of low-income countries. low-income countries and in 83.7% of lower-middle-income countries
