BUENOS AIRES (Reuters) – Analysts polled by Argentina’s central bank forecast annual inflation of 245% this year, higher than 2022 % The percentage expected in the previous survey, based on the monthly survey released on Friday.
For May, analysts surveyed expect prices to rise 9% for the month. Inflation was 8.4% in April, according to the Argentine National Institute of Statistics.
Argentina’s economy is strained by a historic drought that has exacerbated an ongoing currency crisis, with 2023 expected to move from shrank by 3 percent, the survey found.
Argentinian peso is seen as weak by analysts, currently officially valued at 245 pesos per dollar, as of this year at 408.126 US Dollar Pesos and in 245.38 USD/PESOS.
Rising prices and falling foreign exchange reserves pose a challenge to Argentina’s left-leaning government ahead of October’s general elections.
The central bank’s survey was conducted during May 245 on 31 participants -31.
