translated from Spanish: Inflation expectations for the next 12 months exceeded 50%

Expected population inflation for the next twelve months exceeded 50% in May, according to a study conducted by the Torcuato Di Tella University School of Business (CIF) according to the results of the Inflation Expectations Survey (EI) for the fifth month of the year, the expected CPI stands at 50.2% , based on the average responses, representing more than 2 percentage points compared to the April measurement (47.9%). Meanwhile, expected inflation for the next 12 months reaches 50%, depending on the median responses.
“Based on regional distribution, average expectations are higher in CABA (50.6%) and in the Interior of the Country (50.8%), than in the conurbano bonaerense (48.8%),” said Sebastián Auguste, Director of the Finance Research Center at UTDT.

“In analyzing it by income levels, it was again repeated in May that lower-income households have a higher inflation expectation than higher-income households, according to each group’s average (51.8% vs 49.8%). The gap between the two widened slightly from April,” he added. The index is obtained from the results of a monthly survey covering about 1,200 cases across the country conducted by Polyarchy for the Center for Finance Research where the following question is asked: “Comparing prices from now with those of a year forward, about what percentage do you expect prices to go up on average in the next twelve months?”
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Original source in Spanish