translated from Spanish: Because of the strong price increase, they estimate that annual inflation will be 40%

The statesmen began to analyse the annual inflation values in Argentina, after the first quarter was fulfilled and the May closure was in sight. The strong price increase in the first stage of 2019 will be reflected in the total and the study carried forward by Elypsis places the value in 40%. Regarding the monthly value in the remaining seven months, Gabriel Zelpo said that “should be located around 2 or 3 percent here at the end of the year.” “It’s not a low indicator. It should be less than two or one, but it is considerably better than what we saw in the first part of 2019, “he remarked.

Elypsis forecast an inflation of 40% for the 2019. 

“Because of what happened in the first months of the year, it is already very well played.” Will be around interannually in the order of 40 percent, “he said on Radio with you the owner of the consultancy, in a value that will not reflect in good numbers the closure of the first term of Mauricio Macri. According to the latest data released by the INDEC , retail prices grew 3.4% in April and inflation accumulates in the first quarter of the year an increase of 15.6%. On the other hand, he referred to the presentation of Cristina Fernandez de Kirchner as a candidate for vice president of the nation, accompanying Alberto Fernandez in the formula for 2019. “There is more certainty. The event if you play or don’t play, that’s it. ” In this note:

Original source in Spanish