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The Central Reserve Bank (BCR) confirmed that a “downtrend” is expected. inflation from March, that is, from this month.
In their statement, they indicated that this forecast is due to the moderate impact of international food and energy prices, “although it is estimated that the monthly level March will be higher than in previous months due to short-term and seasonal factors.
BCR Monetary Policy Manager Carlos Montoro specified that the recent rains will be one of the factors affecting prices.
“These are temporary factors, not permanent ones. These rains may affect products which are produced in the north,” he commented during the BCR conference.
Montoro said that lemons have already risen in price by 19% this month, but he says that prices of other products are already falling, such as potatoes, which have already fallen by 17% this month.
Another factor that can affect inflation over the month will be bird fluwhich affects chick production.
“There has been an increase in bird flu in poultry and there has been less access to soybean meal, the impact of some measures such as imports is expected to be seen in the coming months. eggs fertile and vaccinated birds, and this is expected to bring the price down,” he added.
Another increase that will boost inflation in March will be higher prices for school and university pensions.
Given that factors are transient, BCR indicates that expectations inflation fell from 4.62% in January to 4.29% in February in twelve months.
For now, BCR is also maintaining its year-end lower inflation forecast as they expect the rate to be between 1% and 3% over the past three months, which is within the target range.
Source: RPP
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.