Indec releases August numbers this Wednesday

2023-09-13 04:48:00

This Wednesday, the National Institute of Statistics and Censuses (Indec) will announce the variation registered in the Consumer Price Index (CPI) during August. There are consulting companies that indicated that it would be double digits, so might be the highest in 21 years.

The CPI rose by julio 6,3%, which represented an increase of 0.3 points compared to June, when it stood at 6%.

In this way, during the first seven months of the year the retail inflation was 60.2% and 113.4% in the last 12 months.

For its part, the Statistics Directorate of the city of Buenos Aires reported last week that inflation in the Buenos Aires district was 10.8% during August, above the 7.3% registered in July.

Thus, the Buenos Aires price index accumulated a rise of 79.8% in the first eight months of the year and a year-on-year variation of 127.3%.

Inflation might be double digits


He cost of living It would exceed 10%, according to comparative data released by the Buenos Aires statistics institute and that of Córdoba, and what is projected by different consulting firms. The government itself admitted that The price increase in August was high.

We have to go back to April 2002, when Argentina was looking to get out of the enormous crisis of 2001, to find a double-digit cost of living, since In that month it returned 10.4%.

_ With information from Télam and Argentine News


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