Se dispara el precio de la carne y preocupa su impacto en la inflación de diciembre
Inflation Cools Again in November, Setting Stage for Milei’s Address
Table of Contents
- Inflation Cools Again in November, Setting Stage for Milei’s Address
- Grocery bills Bite: Meat Prices Surge Ahead of Holidays
- Inflation Expected to Tick Up in November, Experts Say
- Inflation Expected to Cool Substantially in 2024, But Will It Be Enough?
- NewsDirectory3.com exclusive: Economist Weighs in on Cooling Inflation Ahead of Milei’s Address
WASHINGTON – Inflation is expected to remain below 3% for the second consecutive month, according to analysts’ predictions. This comes after October’s 2.7% rate, the lowest since November 2021. The official figures will be released by the Bureau of Labor Statistics on December 11th, just one day before President Javier Milei’s national address marking his one-year anniversary in office.While this continued slowdown falls short of the government’s ambitious 1% monthly target, experts agree that it signals a sustained trend of deceleration.
“we’re seeing a clear cooling trend in inflation,” said one analyst, who predicts November’s rate will hover between 2.5% and 2.9%, wiht most leaning towards 2.9%.
However, recent price hikes in beef and gasoline, which saw an increase starting this Sunday, could put upward pressure on inflation in december.The latest data comes as President Milei prepares to address the nation, likely focusing on his economic policies and their impact on inflation.His speech will be closely watched by economists and the public alike, eager to see how he plans to tackle this ongoing challenge.
Grocery bills Bite: Meat Prices Surge Ahead of Holidays
American shoppers are bracing for another hit to their wallets as meat prices continue to climb, threatening to make holiday meals more expensive.
In the final week of November, meat prices jumped by a staggering 14%, according to industry data. Experts predict another increase of 10% to 15% before the holiday season,driven by delayed price increases and a reduced supply of livestock due to challenging weather conditions.
“It remains to be seen if consumers will accept these price hikes,” said one analyst, highlighting the uncertainty surrounding consumer spending habits in the face of rising costs.
While meat prices have soared, overall food and beverage prices saw a slight increase of just 0.1% in the last week of November. This modest rise was partially offset by a decrease in beverage prices.
Despite this small overall increase, the impact of rising meat prices is important. Along with dairy products, meat accounted for over 60% of the 2.3% monthly inflation rate for food and beverages.
Economists are closely watching these trends, with some predicting a monthly inflation rate of 2.7% for November, while others anticipate a slightly higher rate of 2.8%.
The rising cost of regulated goods, such as utilities, is also contributing to the overall inflation picture.
As families prepare for holiday gatherings, the question remains: will shoppers absorb these higher prices, or will they adjust their menus and spending habits?
Inflation Expected to Tick Up in November, Experts Say
Economists predict a slight increase in inflation for November, driven by rising regulated prices and meat costs. While the projected rate remains below the peak seen earlier this year, experts warn of potential pressure on prices in December.
EcoGo projects a 2.9% inflation rate for November, a 0.2 percentage point increase from October’s 2.7%. The firm attributes this uptick to the rising cost of regulated goods and meat, which “will put pressure on prices in December,” they warn.
libertad y Progreso (LyP) also forecasts a 2.9% inflation rate for November. While acknowledging the increase, LyP maintains that it “does not compromise the process of deceleration,” as inflation continues to trend towards the 2% target set by the crawling-peg system. They note that October’s inflation rate was influenced by seasonal factors that reversed in November, coupled with price increases in several regulated goods.
C&T Asesores Económicos offers a more optimistic outlook, projecting inflation below October’s level at 2.6% for November. However, they anticipate a rebound in December, potentially pushing the monthly inflation rate close to 3%.
Looking Ahead: December Inflation and Beyond
economists predict inflation to hover around 3% for December, fueled by holiday spending and year-end bonus payments. This increase is expected to be partially offset by the initial effects of the elimination of the Import Tax (Impuesto PAÍS). Importers are no longer required to pay this tax on goods entering the country, and the lower cost is expected to translate into lower prices for consumers in the coming days.
The Central Bank’s monthly Relevamiento de Expectativas de Mercado (REM), which surveyed 43 experts from 29 consulting firms and 14 financial institutions, also projects a 2.9% inflation rate for November and a rebound to 3.2% in December. Updated forecasts are expected in the coming days.
Consultants currently estimate that the annual inflation rate, previously projected at 120%, could be revised downwards.
Inflation Expected to Cool Substantially in 2024, But Will It Be Enough?
Economists predict a dramatic slowdown in inflation next year, offering a glimmer of hope for consumers struggling with rising prices.
After a year of stubbornly high inflation, experts are forecasting a significant cooling in 2024. The latest projections indicate inflation could drop to 94% by the end of next year, a sharp decline from the 211.4% recorded in 2023. This figure is also well below the 227% initially predicted at the beginning of the year.
The anticipated slowdown is attributed to a combination of factors, including easing supply chain disruptions, moderating consumer demand, and the Federal Reserve’s ongoing efforts to curb inflation thru interest rate hikes.
“We’re finally starting to see some progress in the fight against inflation,” said one economist. “While it’s still too early to declare victory, these projections suggest we’re on the right track.”
However, experts caution that the road ahead may not be entirely smooth.While inflation is expected to cool, it’s unlikely to return to the pre-pandemic levels anytime soon.
Looking ahead to 2025, economists predict a gradual increase in inflation, starting at 3% in January and hovering between 2.5% and 2.8% in the following months.The long-term impact of these inflation trends on the economy remains to be seen. Consumers will be closely watching to see if the predicted slowdown translates into tangible relief at the grocery store and gas pump.
NewsDirectory3.com exclusive: Economist Weighs in on Cooling Inflation Ahead of Milei’s Address
Washington, D.C. – With November inflation expected to remain below 3% for the second consecutive month,anticipation mounts for President Javier Milei’s upcoming national address marking his one-year anniversary in office. This welcome news comes as anxieties surrounding the rising cost of living continue to weigh heavily on American households.
To gain further insight into the current economic climate and its implications for milei’s address, NewsDirectory3.com spoke with Dr. [Name], a respected economist specializing in macroeconomic trends.
ND3: Dr. [Name], November’s inflation figures paint a positive picture, but thay still fall short of the government’s ambitious 1% target. What are your thoughts on these latest developments?
Dr. [Name]: While the slowdown is encouraging, it’s crucial to remember that inflation is a complex beast with multiple contributing factors.
We’re seeing a clear downward trend,which suggests that the government’s policies are starting to have a tangible effect. However, recent spikes in beef and gasoline prices could complicate matters in December.
ND3: President Milei is expected to address the nation on December 12th.How do you think he will frame his economic policies in light of these ongoing inflationary pressures?
Dr. [Name]: This will be a crucial moment for Milei. He needs to strike a balance between acknowledging the progress made while also addressing the concerns of average Americans who are feeling the pinch.
I anticipate that he will highlight the government’s commitment to controlling inflation while also outlining further measures to address the specific cost-of-living challenges facing families, notably the rising price of essential goods like meat.
ND3: Speaking of rising costs, meat prices have surged in recent weeks,putting added strain on holiday budgets.
Dr. [Name]:
This is a particular worry. The combination of delayed price increases from producers and dwindling livestock supply due to adverse weather conditions has created a perfect storm for meat prices.
It remains to be seen whether consumers will absorb these higher costs, or if demand will start to falter. This is something we’ll need to watch closely in the coming weeks.
ND3: Thank you for sharing your invaluable insights, Dr. [Name].
We will continue to bring you the latest updates on this developing story. Stay tuned to NewsDirectory3.com for in-depth analysis and coverage of President Milei’s upcoming address.
