Argentine Central Bank’s (BCRA) monthly Market Expectations Outlook (REM) foresaw January’s Consumer Price Index (CPI) would stand at 2.3%. Back in December 2024, the REM expected it to be 2.5%. This year’s inflation would reach 23.2% (2.7 percentage points (p.p) below the previous REM’s calculations). Meanwhile, the parity between the Argentine peso (AR$) and the US dollar (US$) would be US$ 1 = AR$ 1,201. In other words, the US dollar would significantly trail inflation after growing only 17.6% annually. The panel also foresaw an increase in the Gross Domestic Product (GDP) of 1% during the first quarter of 2025 and 4.6% for the entire year. In addition, unemployment would stand at 6.8% of the Economically Active Population in the last quarter of 2025, which would represent a slight yoy improvement from 2024’s 7%.
February 7, 2025
SOURCE: MERCOPRESS
Argentina: BCRA REM report foresees 2.3% CPI in January