Miguel Ponce warned that there could be a new devaluation after the elections

2023-10-12 21:24:32

After the INDEC released the inflation index for the month of Septemberthe Central Bank raised the 133% the annual nominal ratean advance of 15 percentage points for the yield on fixed-term deposits.

In this context, the team Channel E communicated with Miguel Ponceeconomist specialized in international trade, who spoke about the country’s economic outlook.

Record inflation

“I always anticipated that the CPI for September was going to exceed that of August and was going to be between 12 and 13%,” shot Ponce, who then completed: “Food and non-alcoholic beverages are above average again.”

“People are not saving for durable goods or homes and are turning to recreation and culture,” said the expert. ““A lot of people are going to concerts like crazy, what is happening is tremendous.”he added.

Then, the analyst said that seasonal products were much higher. “We don’t know if what happened after the PASO can be repeated, there could be a new devaluation,” he added.

Finally, Ponce said that there were “unhappy” interventions by some candidates. “There are still five rounds that are very likely to have important operations to restrict operations”he concluded.

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