Funcas predicts that the average annual inflation rate will be 3.2% in 2024. underlying He expects it to fall and remain at 2.9%, as explained in a press release this Friday in which he evaluated the December CPI data published by the National Institute of Statistics.
Establishment of Savings Banks He announced that he was changing his forecasts to include a “better than expected” December result, as well as introducing the timetable for clawing back tax cuts, which was still unknown at the time his previous note was prepared.
Therefore, the inflation rate is expected to rise to 3.3% in January this year. This estimate is made based on the following fact: oil price has oscillated around values close to expected and in the current central scenario the hypothesis is that this will continue 80 dollars.
Funcas points out that the moderate trend towards lowering inflation will be partially balanced Effect of -partial- reversal of VAT reductions and other taxes throughout the year. Thus, at the end of the year, inflation will continue to remain above the 2% target set by central banks.
Funcas’ senior economist explains: “Overall the behavior of both processed and unprocessed foods has been significantly better than expected, but this is probably a given result and not a significant change in trend.” Maria Jesus FernandezAccording to December CPI data.
In any case, he adds: future evolution It is uncertain due to the unpredictable impact of weather conditions, which have been quite significant in the last two years.