Private consultancies calculate a price increase of around 5.5%
The National Institute of Statistics and Censuses (Indec) will announce today the variation of the Retail Price Index for December. The figure, as estimated by the Minister of Economy, Sergio Massa, would be below 5%.
While private consultants calculate the indicator around 5.5%. If this last data is confirmed, inflation for all of 2022 would have been around 95%, almost double the 50.1% marked in 2021.
Massa anticipated that December inflation ended below 5%, the same as what happened in November, when the Consumer Price Index (CPI) gave 4.9%.
“December, according to the projection of the Secretariat of Economic Programming, would also be with the 4th ahead. Let’s see when INDEC publishes,” said Massa in an interview published over the weekend.
“We started (the management in the Ministry, at the beginning of August) with inflation that was at 7.4% and in the first 60 days we parked at 6%. We aspired for November and December to stay at 5%,” said Massa, who had to admit that the 4.9% rise in November “caught his attention, because it occurred mainly in food and clothing”
Now, “the objective is to put the three forward in April,” insisted the official who seeks to send to Congress a reform project or “update” of INDEC, on which in times of Kirchnerism suspicions of manipulation weighed.”
Public services
Before disseminating the inflation data, INDEC released yesterday its report on the use of public services which, according to the official record, during October rose 5.2% compared to the same month of 2021 and 0.3% in relation to september.
In October, compared to the same month of the previous year, the demand for electricity, gas and water registered a drop of 0.8% and waste collection had a negative variation of 3.2%.
For its part, passenger transport increased 64.3% and cargo transport decreased 6.2%, while passing vehicles paying tolls increased 6.1%.
While, always according to INDEC, the postal mail service showed a drop of 7.3% and the telephone sector registered a rise of 2.2%.
