Due to the soaring food prices (+10.4%), in the month of April i The Consumer Price Index of the city of Buenos Aires (IPCBA) recorded an increase of 7.8%, accumulating an increase of 31.2% in the first four months of the year, with the food sector with an increase of 37.7%.
Year-on-year inflation rose 3.9 points from March, settling at 110.4%, according to data from the Department of Statistics and Censuses of Buenos Aires.
Due to the importance of the federal capital, These data anticipate the inflation data that the INDEC will have to publish next Friday the 12th.. private estimates calculate a 7.5% increase.
April’s 7.8% beats the CABA’s March measurement of 7.1%. which indicates an acceleration of the price increase.
The increase in food and non-alcoholic beverages – the item that recorded the largest percentage increase and which is the one with the greatest incidence in the measurement – came from vegetables and legumes (19.9% followed by meat and derivatives (11, 5%) To a lesser extent, the increases in Milk, dairy products and eggs (10.8%) and Bread and cereals (8.5%) stand out.
Housing, water, electricity, gas and other fuels increased by 6.4%, affecting mainly the increases in rental prices. The increases in the residential tariff for the electricity service follow in importance.
Restaurants and hotels saw an average increase of 8.2%following the increase in the prices of food prepared in restaurants, bars and trattorias.
Transport recorded an increase of 8.1% due to increases in the values of airline tickets, fuel and lubricants for vehicles for domestic use and cars.
Home equipment and maintenance increased by 9.3%, affecting the salary adjustments of domestic service personnel. The increases in the values of large household appliances and cleaning products follow in importance, while clothing and footwear recorded an average increase of 9.4%, due to the seasonal trend of the sector.
The Buenos Aires Report states that “during the change in the IPCBA, it mainly responded to increases in the following divisions: Food and soft drinks, Accommodation, water, electricity, gas and other fuels, Restaurants and hotels, Transportation, Household equipment and maintenance, and Clothing and Footwear, which together contributed 75.7% to the increase in the General Level.
And year-over-year, “Food & Soft Beverages, Homes, Water, Electricity, Gas & Other Fuels, and Restaurants & Hotels divisions were primarily responsible for rising retail prices, explaining 49.4% of the inter-year variation in the General Level.”
NS
Source: Clarin
