After seven months of accelerating monthly inflation, prices may have finally taken a breather in April, according to private consulting firms. Their estimates put April’s price increase at 2.4% to 2.6% month-on-month — the first monthly slowdown in 11 months.
Official figures will be released by statistics institute INDEC on Thursday, May 14.
The number would bring some relief to President Javier...
The narrative of a recent disinflation is built upon the assertion that external anchors—a fiscal surplus and a steady exchange rate—are sufficient to drive the slowdown, suggesting that the process of lowering inflation is back on track. This framing relies heavily on the concept of inflation inertia, which is identified by LCG’s chief economist as the main reason the government has struggled to achieve sustainable reductions. The key pattern detected is the strategic use of specific factors (l...