Post by account_disabled on Feb 20, 2024 1:59:16 GMT -5
After the strong jump recorded in December, inflation fell slightly in January and would be around 20%. Looking ahead to the coming months, increases in different regulated services will increase pressure on the CPI. Something that will happen, as a private study highlights, in a context in which the anchors chosen by the Government “dissipate.
This is detailed in a report Asia Mobile Number List prepared by the Capital Foundation in which it was mentioned that, a month and a half after the new government takes office, "The two inflationary anchors chosen for economic policy are under pressure.
In this sense, the study highlighted that The rate of exchange rate sliding of 2% monthly, established after the December devaluation, “can hardly be sustained in the face of high inflation and a dizzying exchange rate delay.
On the other hand, he pointed out that the objective of a primary fiscal surplus of 2% of GDP agreed with the IMF “ was complicated by the lack of votes to approve the fiscal package sent to Congress.” “In the Omnibus Law and the Personal Income Tax (formerly Profits) the authorities intended to achieve two points of fiscal adjustment that will no longer be under discussion in Parliament. For this reason, we must reevaluate sooner rather than later how the adjustment implied by the changes in export rights, pensions and profits will be achieved, in a context of falling activity that will affect collection," they added from Fundación Capital.
In this way, they stressed, "the authorities raised two inflationary anchors within the economic emergency program that are beginning to show their difficulties . " Something that can become a “stone on the road that hinders the future horizon of predictability.
How the elimination of the fiscal package can affect inflationThe fact that the tax package that included increases in different taxes and eliminated the retirement mobility formula has been withdrawn from the so-called Omnibus Law could impact future prices. But he wouldn't do it directly.
I don't see a direct link between consumer prices and the specific decision to withdraw the fiscal package,” he explained to Ámbito. Sergio Choza, director of the consulting firm Sarandí, who remarked: “Obviously, fiscal prudence and its monetary correlation are important to influence expectations. and through them, indirectly, perhaps the positive or negative impact on inflation can be seen. But it is an indirect channel.
This is detailed in a report Asia Mobile Number List prepared by the Capital Foundation in which it was mentioned that, a month and a half after the new government takes office, "The two inflationary anchors chosen for economic policy are under pressure.
In this sense, the study highlighted that The rate of exchange rate sliding of 2% monthly, established after the December devaluation, “can hardly be sustained in the face of high inflation and a dizzying exchange rate delay.
On the other hand, he pointed out that the objective of a primary fiscal surplus of 2% of GDP agreed with the IMF “ was complicated by the lack of votes to approve the fiscal package sent to Congress.” “In the Omnibus Law and the Personal Income Tax (formerly Profits) the authorities intended to achieve two points of fiscal adjustment that will no longer be under discussion in Parliament. For this reason, we must reevaluate sooner rather than later how the adjustment implied by the changes in export rights, pensions and profits will be achieved, in a context of falling activity that will affect collection," they added from Fundación Capital.
In this way, they stressed, "the authorities raised two inflationary anchors within the economic emergency program that are beginning to show their difficulties . " Something that can become a “stone on the road that hinders the future horizon of predictability.
How the elimination of the fiscal package can affect inflationThe fact that the tax package that included increases in different taxes and eliminated the retirement mobility formula has been withdrawn from the so-called Omnibus Law could impact future prices. But he wouldn't do it directly.
I don't see a direct link between consumer prices and the specific decision to withdraw the fiscal package,” he explained to Ámbito. Sergio Choza, director of the consulting firm Sarandí, who remarked: “Obviously, fiscal prudence and its monetary correlation are important to influence expectations. and through them, indirectly, perhaps the positive or negative impact on inflation can be seen. But it is an indirect channel.