inflation the annual retailer will pass 45% and will fall by "at least 2.5% this year, according to GDP" report today published by Belgrano University.
" Argentine economy already completed two consecutive quarters entering the worst world: more inflation, known as the recession stagnation, "New Economic Studies Center (CENE) director Vector Beker.
Stating that stagflation is a düş rare phenomenon, normally price increases are accompanied by economic expansion processes, and prices are expected to fall or fall during recession periods İ. "However, in countries with high inflation, it is likely to continue even in the presence of a strong contraction in economic activity," the economist said.
In his view, miktar past inflation has an inflationary inertia that determines future inflation. Sadece Therefore, in the presence of a restrictive monetary policy, quantities are initially adjusted to reduce production and employment, and only in the recent period. Inflation falls significantly. "
However, Beker admitted that "the alternative explanation, which depends on the current behavior of the Central Bank, is that inflation continues only during recession periods because money supply continues to increase".
In this context, he felt the debate would be solved ini if the zero emission rule until next June allows resistant inflation to be reduced Bu. According to the report of CENE, the average salary increase in September of the same year last year was 25.4% while the Consumer Price Index increased by 40.5 in the same period. A real salary loss of 11%.
"This would mean that the bond will remain below the average salary in September 2017, even though it allows it to return to levels equal to May 2016," said Beker.