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The National Institute of Statistics and Census revealed that July’s inflation rate was 4%, marking a consecutive deceleration and bringing the figure closer to the national government’s targets. This rate, considered the lowest of the year, confirms the downward momentum in prices, although private consulting firms presented divergent estimates, ranging from 3.5% to 4.4%. The discrepancy highlights the uncertainty surrounding economic measurements, where seasonal factors and adjustments in regulated tariffs played a decisive role in the evolution of the overall index versus the core index. The data is politically relevant because it validates the inflation-containment strategies pursued by the current administration, which are based on the temporary suspension of tariff increases and control over monetary issuance. While the government celebrates the decline in prices as a success of its economic model, the fact that core inflation remains below the overall average suggests that volatility remains entrenched in regulated and seasonal components. This indicates that price stability depends critically on the management of these external factors rather than on a complete structural correction of demand. For the open-data ecosystem, this case illustrates the inherent complexity of macroeconomic indicator transparency when multiple measurement sources exist. The divergence between the official figure and private projections underscores the critical need to access detailed methodologies and open time series to contextualize government announcements. Without disaggregated and accessible data, it is impossible for citizens and independent analysts to verify whether the deceleration is sustainable or merely the result of temporary measures, making the open publication of the underlying database for the Consumer Price Index essential.

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Published on 2024-08-17

Open Data

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