Home Economy For the first time, record inflation came without a jump in the...

For the first time, record inflation came without a jump in the dollar

4

Inflation in March reached 6.7% and recorded a value record in the last 20 years. Unlike the previous highs, this time the spike in prices was not directly related to a sharp devaluation of the peso.

“What is truly special about the data is that it is a qualitatively different record from any of its infamous precedents: it does not arise as the effect of an exchange rate shock”, synthesized the analysts of Consultation.

I also read: Although it will be lower than the 6.7% in March, inflation will remain high in April

A on turn, Fernando Marulleconomist and partner of FM&Apointed out: “So far this year, inflation has already accumulated 16.1% and at a year-on-year level it jumps to 55.1%, that is, 25 points above the devaluation of the official exchange rate (which has been rising very slowly to 4% per month), and 15 points above the regulated prices”.

Inflation and the dollar: a long-standing relationship

Over the past two decades,…

Click here for full article…www.zyri.net