Inflation in Buenos Aires registered an increase of 5.3% in April

In what is an antecedent of data to be published by INDEC this Thursday, due to the almost general increase in prices of goods and services, the Department of Statistics and Censuses of the City of Buenos Aires reported that, on average, the price increase in April was 5.3%.

With this figure, in the first 4 of the year the Buenos Aires Consumer Price Index accumulated an increase of 20.6% and 56% over 12 months.

Clothing and footwear, transportation, and food and drink led the April increase.

Meanwhile, electricity, gas and water and the rate of rail transportation did not differ. And vegetables and legumes, on average, for seasonal reasons, dropped 1.8%.

At the highest range in the index, Foodstuff and non-alcoholic beverages again posted increases averaging 6.2% in April, 26.5% in just 4 months and 62.8% year-on-year.

Major increases for the month came from staple foods, such as increases in Meat and derivatives (7.4%), Bread and cereals (8.6%), Milk, dairy products and eggs (7.3%) at fish and shellfish (10.3%). Those increases are the family basket of poverty is around $ 94,000/$ 95,000.

Between January and April, vegetables and legumes rose 48.7%, followed by fish 30.6% and bread and cereals 28.6%. On interannual measurement, bread and cereals stand out with 70%.

Transportation averaged a 7.8% increase due to the impact of increases in plane ticket prices. To a lesser extent, increases in the costs of fuel and lubricant for household vehicles, vehicles and the update in the taxi rate (which began on April 19).

Clothing and footwear prices continue “without a brake on their rise”: 8.3%, accumulating 70.5% over 12 months.

Housing, water, electricity, gas and other fuels rose 3.9%, due to rising rental rates and average housing costs.

Restaurants and hotels averaged an increase of 4.4% due to the impact of rising prices of prepared meals in restaurants, bars and eating houses. At 12 months, they increased by 70.8%.

Health recorded a 5.2% increase due to adjustments to prepaid drug fees and, to a lesser extent, rising drug prices.

while, May began with increases in prepaid, cable TV, internet, home services . This week is turn of fuels, as food prices continue to rise. Based on the increases made so far, consulting firm Eco Go estimates that inflation in May will be 5%.