Food prices in Argentina ____ up again in February, ____ the consumer ____ and pushing the national government further and further away from Economy Minister Sergio Massa’s publicly stated ____ of a three-percent monthly rate by April. According to private ____, inflation for the second month of this year will ____ six percent and take the year-on-year variation beyond 100 percent, a ____ already anticipated by the market. With price ____ continuing to ____, the government's goal – outlined in the 2023 Budget – of closing the year at 60 percent is a fantasy. Private ____ for the first quarter of the year are already ____ around 20 percent, after January's shock six-percent rise ended the fragile ____ recorded in the last two months of 2022. For some analysts, February’s consumer price index is already in play. For Fundación Capital, the figure will be around six percent monthly, similar to January’s rate. This will mean that Argentina’s inflation over the last 12 months would ____ 100 percent, the dreaded three digits."Additionally, the month of March could mark an even higher record, around 6.5 percent monthly, ____ typical increases from the month associated with the beginning of the school year and the autumn/winter season in garments and footwear. Moreover, two-thirds of households will ____ in gas bills of between 40 percent and 50 percent, depending on household ____ (except ____ who will not suffer increases), which would add half-a-point to the month's inflation record," says the latest Fundación Capital report. "Major users in commerce and industry will see increases of around 70 percent which, although they will not have a direct impact on the consumer price index, or will do so indirectly through higher costs, will be ____ final prices,” it continues, additionally highlighting monthly updates for bus and train fares in the Buenos Aires Metropolitan Area (AMBA).

Trends Language - Economics 28 March 2023 ARG

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