Financial analysts surveyed in June by Argentina’s Central Bank expect the country’s final 2023 inflation to total 142.4%, 5 points lower than what they forecasted in May. Their expected inflation rate for June is 7.3%. “New information suggesting that monthly inflation moderated even more when compared to May was released last month after REM participants provided their forecasts to the Central Bank,” the REM report said. It’s worth noting that REM participants started the year predicting a 0.5% growth for 2023, a statement made in January before the full impact of the historic drought was entirely known. The REM analysts also expect fixed-term deposits in July and August to surpass inflation and the crawling peg rate.

Source: Bueno Aires Herald July 08, 2023 17:32 UTC