{"id":154910,"date":"2026-03-13T02:01:46","date_gmt":"2026-03-13T05:01:46","guid":{"rendered":"https:\/\/infoecos.com.ar\/?p=154910"},"modified":"2026-03-13T02:01:47","modified_gmt":"2026-03-13T05:01:47","slug":"cepa-la-inflacion-bajo-la-alfombra-ipc-nuevo-vs-ipc-caputo","status":"publish","type":"post","link":"https:\/\/infoecos.com.ar\/index.php\/cepa-la-inflacion-bajo-la-alfombra-ipc-nuevo-vs-ipc-caputo\/","title":{"rendered":"CEPA: La inflaci\u00f3n bajo la alfombra: IPC nuevo vs. IPC Caputo"},"content":{"rendered":"\n

Consideraciones del Centro de Econom\u00eda Pol\u00edtica Argentina<\/strong><\/p>\n\n\n\n

El INDEC public\u00f3 el IPC de febrero 2026: 2,9%. Dos consideraciones: <\/p>\n\n\n\n

    \n
  1. La inflaci\u00f3n sigue subiendo desde mayo 2025.\u00a0<\/strong>El INDEC public\u00f3 2,9% de inflaci\u00f3n en febrero 2026, repitiendo el dato de enero. Desde junio de 2025, la inflaci\u00f3n tuvo una curva ascendente y constante (salvo julio y agosto donde se repiti\u00f3 el dato de 1,9% en ambos meses). En este mes, el dato pr\u00e1cticamente duplica el de mayo de 2025, que hab\u00eda sido de 1,5%.<\/li>\n\n\n\n
  2. Con la metodolog\u00eda actualizada, la inflaci\u00f3n es m\u00e1s alta: desde que asumi\u00f3 Milei el INDEC escondi\u00f3 11,5% de inflaci\u00f3n debajo de la alfombra.<\/strong>\u00a0Tal como estaba establecido, el INDEC debi\u00f3 haber publicado -ya en el mes de enero- el \u00edndice de precios al consumidor con los ponderadores de la metodolog\u00eda actualizada, que toma la Encuesta Nacional de Gastos de los Hogares de 2017\/18.\u00a0La reponderaci\u00f3n -donde los servicios y el transporte pesan m\u00e1s- aplicada desde principios de 2026, hubiese dado por resultado una inflaci\u00f3n de 3,0% para el mes de febrero.\u00a0El diferencial entre la inflaci\u00f3n seg\u00fan ambas metodolog\u00edas se explica por el sensible incremento de servicios (producto de la quita de subsidios), aunque en febrero el impacto de esta suba se vio suavizada por el importante aumento en los precios de los alimentos: en efecto, en la comparaci\u00f3n entre la ENGHo 2004\/5 y 2017\/8 hay un trade off entre estos dos rubros.\u00a0Desde la asunci\u00f3n de Milei, la inflaci\u00f3n acumulada reportada por el INDEC fue de 280,5%. Calculando con los ponderadores actualizados, el aumento de los precios es mayor: alcanza 324,4%, es decir, es 11,5% m\u00e1s alta que la cifra oficial.<\/li>\n<\/ol>\n\n\n\n
    <\/object>La_Inflaci_oacute_n_bajo_la_alfombra_Marzo_2026<\/a>Descarga<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

    Consideraciones del Centro de Econom\u00eda Pol\u00edtica Argentina<\/p>\n","protected":false},"author":2,"featured_media":154912,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[97,1500],"class_list":["post-154910","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-sin-categoria","tag-economia","tag-regional"],"yoast_head":"\nCEPA: La inflaci\u00f3n bajo la alfombra: IPC nuevo vs. IPC Caputo - Infoecos<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/infoecos.com.ar\/index.php\/cepa-la-inflacion-bajo-la-alfombra-ipc-nuevo-vs-ipc-caputo\/\" \/>\n<meta property=\"og:locale\" content=\"es_ES\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CEPA: La inflaci\u00f3n bajo la alfombra: IPC 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