According to consulting firms, inflation in July would have been less than 2% despite the dollar's 14% jump.

Private projections indicated that the price index remained low, despite the 14% increase in the dollar during the month.

According to consulting firms , July inflation was less than 2% , despite the dollar 's 14% jump during the month. The INDEC ( National Institute of Statistics and Census) will release the official figures this Wednesday at 4:00 PM. According to private estimates, the cost of living rose slightly compared to June, when it stood at 1.6%. The Central Bank's Market Expectations Survey (REM) projected inflation of 1.8% for July.

JULY INFLATION: CONSULTING FIRM PREDICTS LESS THAN 2% Quick read

Consulting firms estimate July inflation was 1.6% to 2%, despite a 14% rise in the official dollar. Core inflation is expected to be one of the lowest since 2020. The National Institute of Statistics and Census (INDEC) will release the data on…

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The consulting firm EcoGo estimated a 1.7% increase. Meanwhile, C&T measured a 1.9% increase. During July, there were notable increases in tourism-related items, driven by the winter holidays, and a marked increase in vegetables. These factors influenced the overall variation.

For the Libertad y Progreso Foundation, inflation stood at 1.9%, affected by seasonal factors such as the Christmas bonus and the winter break. Adjustments in regulated prices, such as fuel and utilities, and the uncertainty generated by the adverse ruling in the YPF case also weighed heavily.

Meanwhile, year-on-year inflation in the United States was 2.7% in July, slightly below analysts' expectations. The figure was the same as in June.

According to Portfolio Personal Investors (PPI), although the index remains above the Federal Reserve's 2% target, the current trend opens the door to a 25 basis point interest rate cut. It currently ranges from 4.24% to 4.5%, and a decision will be made in September.

The data released by INDEC will confirm whether private projections were accurate. If true, July's inflation would add to recent months of moderate fluctuations, even in a context of a strong dollar rise.

Analysts warned that if this trend continues, the second half of the year could see more stable indices. However, they cautioned that exchange rate variables will continue to be key to price developments.