That coin that ran in mid-April that took the informal dollar from $400 to $500 in ten days had its correlate in prices and the inflation last month was 8.4%. AS, the inter-year change in the price index rose to 108.8% and it became the highest in over 30 years.
The consumer price index (CPI) has once again signaled the food product as one of the sectors that has increased the most the average food price. March, when it scored 7.7%.
According to the INDEC report, the largest increase was in the segment “Clothing and Footwear”, where it rises to 10.8%. following “Food and soft drinks” with 10.1%, where the peaks were recorded for vegetables, tubers and legumes, milk, dairy products and eggs, sugar, sweets, chocolates, candies, and meat and derivatives.
In turn, the “restaurants and hotels” divisions recorded an increase of 9.9%; while “Domestic equipment and maintenance” 8.6%.
Within April’s average inflation of 8.4%, the suburbs posted the largest increase. It reached 8.6% and is the area with the highest inflation in the country. It was followed by the Pampas region with 8.5%, followed by the Northeast with 8.3% and Patagonia with 8.1%.
Falling below 8% were the Northwest on 7.7% and Cuyo on 7.2% in inflation last month.
Hours before the release of the official April inflation number, President Alberto Fernández had anticipated that the number would be high and considered that the dollar’s rise “operates in the heads of Argentines as if there were a blow and produces an escalation of prices”.
“We had a very serious problem with inflation in April, a run that took the dollar from 460 to five hundred and a few pesos. Within a week, it went up and down and was back to the prices it was. But this price increase operates in the minds of the Argentines as if there were a trigger and there was an escalation of prices. and then the dollar goes down and prices don’t,” he said in statements to radius 10.
Fernández, this Friday insisted: “Late last night I spoke to Sergio and I told him ‘we have to give ourselves a definitive goal to stop’. There are many causes, one is speculation that there could be a devaluation… the reason why doubts”.
The basket of poverty increased by 11.04% in April
Due to the skyrocketing prices of meat, milk and dairy products, fruit and vegetables, in the city of Buenos Aires last month the prices of basic foods increased by 11.04% against an average inflation of 7.8%.
The main impulses in the diet came from meat and derivatives (11.5%) and vegetables, tubers and legumes (19.9%), milk, dairy products and eggs (10.8%) and bread and cereals (8 .5%) according to data from the Directorate of Statistics and Censuses of the City of Buenos Aires.
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Source: Clarin
