Continuing our analysis on relative price misalignment, in this post, we expand the sample to include a larger number of goods and services than those offered by the Consumer Price Index (CPI). For this, we relied on the most detailed breakdown provided by the Construction Cost Index (ICC) and the Wholesale Price Index (IPIM).

Inflation often coexists with —and is the cause of— greater price dispersion. To be persistent, stabilization requires a reversal of these misalignments: there is no sustainable disinflation without an adjustment of relative prices. In this article, we propose a flexible metric to estimate the extent to which the ongoing inflation reduction process achieves this realignment.

Pension coverage in Argentina is provided through numerous highly dissimilar and poorly integrated systems. There are over 200 retirement schemes, each with its own set of rules, disconnected from one another. To ensure fairness and sustainability, the pension system requires a comprehensive approach aimed at unification, where most contributors fall under the general regime.