Consumer Price Index of Elypsis

For methodological issues see price index.

Elypsis Consumer Price Index – eCPI
Annual change

Elypsis Consumer Price Index – eCPI
Variation four weeks

Elypsis Coincident Economic Activity Index

The Coincident Index of Economic Activity (ICAE) is an estimate of economic growth that we made through a set of variables highly correlated with the monthly estimate of GDP (EMAE reported by the Indec) calibrated using data from 1997-2006 [1].

YoY changes of selected variables were weighted by the inverse of the standard deviation with respect to the sum of the inverse of the standard deviation of all sets. The result was then rescaled to match the standard deviation of EMAE and was built in time for an index that was, in turn, seasonally adjusted using X12 ARIMA. Finally, the actual values are calculated using the official CPI until the end of 2006 and CPI estimator based on information free of manipulation thereafter provincial statistics agencies (allegedly).

Coincident Index of Economic Activity - CIEA
Annual change

[1] The index thus constructed improves the average correlation of the series, recording a 97% correlation with the EMAE during the reference period (above 75% is observed, on average, between EMAE and series that make up the index) . In turn, from a simple regression, the index explains 94% of the variation of EMAE, 59% above the average for the individual variables.

Elypsis Multilateral Growth Index

Multilateral Growth Index Elypsis (ICME) is an indicator of weighted growth of our business partners. It is estimated, for years closed from 37 countries observed growth and for future years of the evolution of the consensus expected growth (Source: Bloomberg). The growth of each country is then weighted by their weight in our foreign trade.

Multilateral Growth Index - MGIe
Annual change

Multilateral Growth Index - MGIe
Monthly results

Elypsis Multilateral real exchange rate Elypsis

The Multilateral Real Change (TCRMe) measures the relative price of goods and services of our economy with regard to a group of countries with which commercial transactions take place. It is calculated from the evolution of our nominal exchange rate and domestic inflation (IPCe) against 57 trading partners weighted according to importance in our imports.

Elypsis Multilateral Real Change Type - eMRCT
A price on the last day of the series

 Elypsis Multilateral Real Change Type - eMRCT - Long term
A month prices series

Bilateral Real Change vs. Brazil
A price on the last day of the series

The real exchange rate vs Brazil Bilateral Elypsis measures the relative price of goods and services of our economy on our business partner. It is calculated from the evolution of our nominal exchange rate and domestic inflation (IPCe) against Brazil.

Gaps parallel exchange rates

Official exchange rates, Blue and enjoyed Settlement
Pesos per dollar

Exchange rate premiums received blue and Liquidation
Percentage difference with the official dollar