- PABLO ESCALONA
04 de abril de 2017 08:23 AM
Actualizado el 04 de abril de 2017 08:39 AM
Inflation in Venezuela is expected to remain in the 15-17% monthly range in the next few months, to slow down gradually towards the end of 2017, if the “observed” fiscal contraction continues, financial firm Torino Capital pointed out.
In the opinion of the economists, monthly inflation rates over the past three months have been “considerably lower” than those observed in prior months. Average inflation, they specified, fell from 18.4% in the August-November period to 14.6% in the December-February period.
“We believe this is partly due to the impact of the crisis in the payments system generated by the government’s currency substitution initiative, as well as by an observed deceleration in key monetary aggregates and the decline in the parallel market exchange rate,” they elaborated in their weekly report.
In this regard, the “coincident indicator model” of Torino Capital shows inflation rising to 455% in February, from 423% in January.