Overview
- The Universidad Torcuato Di Tella survey conducted by Poliarquía between August 4 and 13 found average 12‑month inflation expectations of 35.7% and a one‑month expectation of 3.55%.
- Private consultoras and the Central Bank’s REM show much lower numbers, with the REM at about 21.8% for the year and August monthly estimates from consultoras clustering around 1.2–1.7%.
- LCG’s four‑week measures put food inflation at roughly 1.4% for August and report that three product groups—bakery/cereals/pastas, dairy and eggs, and meat—accounted for about 1.5 percentage points of the food increase.
- The national averages mask splits: expectations fell in Gran Buenos Aires and CABA but rose in the Interior, and lower‑income households now expect 41.5% annual inflation versus 33.1% for higher‑income households.
- The mismatch matters because Argentine expectations shape price‑setting and wage talks, so the credibility gap between public perception and official/market measures raises the risk of renewed inflationary pressure and complicates policy responses.