Indec reported that in January the inflation rate was 4%. Core inflation, an indicator of free prices beyond regulations and seasonality, was 3.9%, one point lower than the previous month. However, food increased 4.8%, the highest increase since November 2019.
Private analysts consulted by the Central Bank (BCRA) for the Market Expectations Survey (REM) maintain an inflation forecast of 50% for this year, although the official budget foresees it to be 29%.
To achieve this objective, the Government will use tools such as the exchange rate delay with devaluations of the peso at a slower rate than in 2020, as well as a delay in rate updates.