The National Institute of Statistics and Census (INDEC) reported on Tuesday that inflation for January 2023 was 6%, a new increase from the previous value, which was 5.1% last December. While the year-on-year price change stood at 98.8%, one figure marks the upward trend: five of the twelve elements that the measurements of the organism are found to calculate the CPI above 100% in the last 12 months.
These are Clothing and footwear, Restaurants and hotels, Alcoholic beverages and tobacco, Miscellaneous goods and services and Home equipment and maintenance. He contrast with the 2022 final report it’s known: in December only the first two the divisions were above that border.
Moreover, in Greater Buenos Aires the list goes up to six categories: with a worrying record is added nothing less than food and soft drinks. A similar situation occurs in the Northeast, which in its own way represents a special case.
Although 2023 started among the items with the lowest increase (2.3%), Clothing and footwear it marked a trend for almost all of 2022. In March it was 10.9%, due to the “change of season”. In April and August it was again close to 10%: 9.9% in both months. Therefore, it currently reaches an interannual increase of 120.6%with ends in Patagonia (123%) and in the Northeast (117.6%).
lies further back Restaurants and Hotelswith the 109.9% year on year, after showing a 6.2% increase in the first month of the year, at the height of the summer tourist season. Already in December it had been the second with the greatest variation.
Alcoholic beverages and tobaccowhich in January was higher than the general value (7%), achieved at 103.3% compared to January 2022. Last November he stood out for the increase in cigarettes.
For his part, Miscellaneous goods and services It is the fourth item with the largest year-on-year increase: 102.6%, after 6.8% in January. It includes toiletries, personal care services, and various other goods and services.
The other above 100% year over year nationwide is Household equipment and maintenance: 101.2%, despite having recorded 5.4% in January, below the general variation. At the end of 2022, as in September and October, it was among the major climbers also thanks to the increase in domestic services personnel.
Inflation: the sixth voice in the suburbs and the worrying case of the Northeast
two regions shows six divisions with growth YoY greater than 100%: Greater Buenos Aires and Northeast.
In the GBA, what is added is Afood and non-alcoholic beverages (100.3%), despite the control programs and prices supported by the national government.
meanwhile a the Northeast incorporates the Housing categorywater, electricity, gas and other fuels: 113.1%. Way above performance in the rest of the regions (the North West, the next, had an increase of 96.4% in that area).
This jump in housing, water, electricity, gas and other fuels also explains why the NEA is the only region where year-on-year inflation exceeded 100% in January: it stood at 100.2%.
“There are already 5 out of 12 national CPI chapters with inter-year changes above 100%. Worst record for over 30 years,” he said. Alfonso Prat Gayformer Economy Minister in Mauricio Macri’s government.
Nobody of the five elements which stand out in the year-over-year comparison they were on the podium higher increases in early 2023. Some were higher than the overall CPI. everything drags the effect of last year’s inflationary spike, which continues into the beginning of this year e it seems unstoppable.
Source: Clarin
