In February, due to the skyrocketing price of meat and derivatives (15.2%) and the new increase in fruit prices (11.3%), the average inflation in the city of Buenos Aires was 6%. Therefore, it accumulates 13.7% in the first two months of 2023 and 103.1% compared to February 2022, according to the Directorate of Statistics and Censuses of the city of Buenos Aires.
With this record, year-on-year inflation in Buenos Aires exceeded double digits (in January it was 99.4%) to add 3.7 points in just one month and reach the 103.1%
Buenos Aires data ahead of nationwide February price measurement – to be announced by INDEC next week It should be even higher due to the higher incidence of the prices of meat and its derivatives in the national level index.
If increases in seasonal and regulated products are excluded, so-called core inflation in the City recorded an average increase of 6.8%.
In January-February, in just 2 months, the price of meat and derivatives increased by 20.8% and fruit by 26.5%.
In February, the price increases were widespread. In the food sector, mainly meat, bakery, dairy and fruit products. To a lesser extent, the increases in the values of clothing, automobiles, fuels and lubricants for motor vehicles for domestic use, medicines and personal care products stand out.
In Services mainly due to increases in the values of condominium expenses, the prices of restaurants, bars and refreshment houses, rents and advance medical fees. Also due to increases in the residential rate for the electricity service, in the values of tourist packages and in the remuneration of domestic service personnel.
According to the Buenos Aires management report; Food and non-alcoholic beverages saw an average increase of 7.7%. Within the division, the biggest boost came from Meats and Derivatives (15.2%). To a lesser extent, the increases in bread and cereals (5.7%), milk, dairy products (6.3%) and fruit (11.3%) stand out.
In this category, fruits stand out as having amassed a 141% year-over-year increase, followed by oils, butter and fats with 132.9%. In the case of restaurants and hotels, the increase was 5.9%, as a result of the price increases of food prepared in restaurants, bars and trattorias.
In the case of healthcare there is an increase of 6.8%.mainly impacting on increases in prepaid medicines and, to a lesser extent, on adjustments in the values of medicines.
In the recreation and culture category, an increase of 8.7% for the increase in the prices of tourist packages and recreational and sports services. Compared to February 2022, package tours increased by 158.5%.
AQ
Source: Clarin
