Analysts consulted by the Argentine central bank (BCRA) moderately lowered its inflation estimate for the country in 2022 to 100%, 0.3 percentage points less than the figure forecast the previous month, the entity reported on Friday.
The “Market Expectations Survey” (REM) published by the central bank produced a calculation of a 6.5% rise in retail prices for October, with slight decreases until next April.
Current inflation levels are the highest since 1991.
The survey was carried out between the 27th and 31st of last month, among 39 participants that include consultants, research centers and local and international financial entities.
On the other hand, the economists consulted raised the projection of economic growth to Argentina in 2022 to 4.8%, 0.7 percentage points more than in the previous report.
The third economy Latin America It has suffered for years from very high inflation, fiscal deficit and loss of international reserves, a situation aggravated by the effects of the war between Ukraine and Russia.
REM participants expect the average nominal exchange rate in Argentina in December to be 172.72 pesos per dollar.
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