In recent years, the INDEC has been working on launching a new consumer price index (CPI) under the leadership of Marcos Lavagna. The project, which has been in development for over three years with technical advice from the Monetary Fund, aims to improve the accuracy of measuring inflation and reflect changes in household consumption habits over time.
The new CPI will incorporate changes in consumption patterns and utilize new data sources. It will also implement improvements in information capture systems to ensure transparency and accuracy. The updated index is expected to be launched this year, as the country faces challenges in lowering inflation rates amid economic instability.
Inflation has reached record highs in recent months, causing government officials to take action. The Minister of Economy projects a decrease in inflation by the middle of the year, with measures such as suspending taxes on essential goods and opening imports aimed at reducing price increases and improving competition in key sectors.
These efforts come as part of a broader initiative to stabilize the economy and address the impact of rising inflation on consumers. The introduction of a new CPI and other initiatives are crucial in navigating these turbulent times and working towards a more stable economic environment.
