2023-05-08 15:55:00
While waiting for the INDEC to publish the national data on the April Inflation, This Monday, May 8, it was reported that the Consumer’s price index of the City of Buenos Aires reached 7.8% in April, thus accumulating in the first three months of the year a rise of 31.2% and registering an interannual variation of 110.4%.
Inflation alert: the market recalculated and forecast 126.4% for the whole year
As reported by the Directorate of Statistics and Censuses of the Ministry of Finance and Finance of the City, the variation of the IPCBA responded fundamentally to the increases in the following divisions that together explained 75.7% of the increase in the General Level:
- Food and non-alcoholic beverages,
- Housing, water, electricity and gas,
- Restaurants and hotels,
- Transport,
- Home equipment and maintenance
- Clothing and footwear,
One by one, how the increase impacted each item
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Food and non-alcoholic beverages averaged an increase of 10.4%. The main boost came from Meats (11.5%) and Vegetables, tubers and legumes (19.9%). To a lesser extent, the increases in Milk, dairy products and eggs (10.8%) and Bread and cereals (8.5%) stood out. This item registered an interannual variation of 119.5%.
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Housing, water, electricity and gas increased 6.4%, mainly impacting the increases in rental prices and increases in the residential tariff for electricity service. This item registered an interannual variation of 118.6%.
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Restaurants and hotels averaged an increase of 8.2% as a result of increases in the prices of food prepared in restaurants, bars and eating houses. This item registered an interannual variation of 130.9%.
-
Home equipment and maintenance increased 9.3%, by impacting the adjustments in the remuneration of domestic service personnel. Next in importance were the rises in the values of large household appliances and cleaning products.. This item registered an interannual variation of 113.3%.
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Clothing and footwear averaged an increase of 9.4% as a result of the seasonal behavior of the division. It registered an interannual variation of 117.7%.
Yes, no, INDEC will spread inflation for April this Friday
The National Institute of Statistics and Censuses (INDEC) backtracked with the postponement of the April inflation diffusion, following the controversy that was generated when the measure of the organism was known.
Thus, the Consumer Price Index (CPI) for April will be reported on Friday May 12, As planned.
INDEC’s director, Marco Lavagnaannounced that the changes in the calendar are without effect and the technical reports will be disseminated on the dates originally established twelve months ago.
What inflation is expected for April following the skyrocketing of the blue dollar
It is worth remembering that the statistics institute had announced the decision to postpone the dissemination of the inflation index for April, moving it from Friday May 12 to Monday 15.
From the organization they had explained that the current official calendar was diagrammed prior to the announcement of the election dates in several provinces and, consequently, they detected output of reports that coincided with electoral closures, which forced several changes.
However, the change was finally left without effect, and this Friday the inflation data that private individuals already anticipate at 7.5% will be released.
LR
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