When there are only three days left to close the month, May inflation is emerging to be the lowest in the Milei era. So far that record corresponds to last January, when it marked 2.2%. Now most consultants agree that it could close at 2% or even below that level. Inflation does not start with 1% from 1.9% in July 2020, in full pandemic. The last data, last April, had marked 2.8%. The official figure will be known on June 12. The retail price survey of the Eco Go consultancy, chaired by Marina Dal Poggetto, projects 2% for the whole month. Like other consultants, Ecogo was modifying its downward estimates in recent weeks. The key to this deceleration is linked to what happened with food: in the fourth week of May only 0.2%moved. “Despite the increase in the collective ticket for AMBA (7%), the rise in food was lower than the projected, promoting the downward indicator,” they said. This leads them to project 2% for the whole month. “After the deflation observed the previous week led by the Hot Sale, some items that had shown significant casualties this time led the weekly inflation (clothing, furniture and electronic equipment, mainly), ending the sales,” they said from balancing. On the aggregate, they led the season (2.2%) and the rest of the IPC Core (0.9%), while non -seasonal foods and drinks climbed only 0.3% weekly. For its part, Econviews stressed another fall in food and drink prices, which was 0.3% weekly. “With high frequency data evolving consistently with inflation between 2% and 2.2% monthly for May, this week we review our projection for this month to 2%. While we are still waiting for inflation to drill 2% monthly in the third quarter of 2025, we do not rule out that this happens in the second C&T Economic Advisors, Camilo Tiscornia, said May inflation “aims to be a little below 2%.” Foods have been rising less than general inflation, although they had had a leap marked in March for seasonal reasons. The consumption brake, which just began to recover, contributed to stop the remarks. The economist Natalia Motyl pointed out that the IPC for May will be around 1.9%. And added another factor that contributed to the decline: the evolution of the exchange rate, which in the month fell 1%. Na.y pointed out that the monthly variation of the CPI would be explained by “increased increases in transport and food and drinks, although without significant shocks in the general composition of the index.” Finally, the director of the Freedom and Progreso Foundation, Agustín Etchebarne, said they expect inflation of 1.7%.
