Inflation at the start of May was 0%.

Economist Fernando Marull stated that inflation in the first week of May was practically zero , according to measurements taken by his consulting firm. Speaking to Radio Rivadavia, he noted that this preliminary figure reflects significant price stability following changes in the exchange rate regime with the lifting of the currency controls and the implementation of a banded system for the dollar.

Marull also anticipated that the April inflation rate, which will be published today by the National Institute of Statistics and Census ( INDEC ), could be around 2.9% or 3% . According to the economist, these figures would be positive given the uncertain context generated by recent changes in exchange rate policy.

For its part, the consulting firm LCG reported a slight 0.3% increase in food prices during the first few days of May, consolidating the perception of a contained start to the month. Thus, there is a concordance between the data reflected in the survey and what the economist mentioned, indicating that the inflation trend for May is downward.

The official inflation figure for April, which is expected to show a slowdown compared to the previous month, will be the first relevant national indicator since the elimination of the exchange rate restrictions and the adoption of a dollar band system. Although INDEC will release this figure this Wednesday afternoon, it is expected to be close to 3%, which would represent a decrease compared to March.

In the City of Buenos Aires, this downward trend was already evident, with inflation falling from 3.2% in March to 2.3% in April. Furthermore, the Central Bank's latest Market Expectations Survey (REM) projected a Consumer Price Index (CPI) of 3.2% for April, reinforcing expectations of short-term stability.

Last month, inflation reached 3.7%, worrying the government, although they clarified that this was due to seasonal fluctuations and the start of school. So far this year, the cumulative inflation rate is 8.6%, and it is estimated that it will continue to decline during the second half of the year, considering that the lifting of the currency controls was successful and that the dollar continues to fall, which strengthens the local currency and prevents prices from rising.