Clothing prices were the highest rise in April.
Clothing and Food were the items leading the yearly increase in prices over the past 12 months, along with Hospitality. After a year closed due to the pandemic, the hotel industry took off 73.4% from April to April, similar to clothing and footwear, as food went up 62.1%. At the time the overall index rose 58%.
So far in 2022, food has risen 28% according to the INDEC measurement. So, in the quarter the sector it beats the Consumer Price Index (CPI) by five percentage points, which closed April at 6% and accumulated 23.1% on the year. The data is one of the most worrying in the registry, as it anticipates that next Tuesday, when the data on the poverty basket and indigence basket is released, the jump will also be important.
From the Ministry of Economy they came out to highlight that in April, food inflation was 5.9%, lower than the CPI, even though they marked that by 1.7 percentage points ”is again the category with the largest contribution to the index “.
Within the division, the biggest increase in April was in Oils and Bread and Cereals, which had increases between 8% and 15% depending on the region, followed by meat and dairy products, with increases between 5% and 7%.
The portfolio directed by Martín Guzmán is loaded with ink on the war in Ukraine to explain why food continues to rise. “These items have been most affected by the rise in international commodity prices in recent months, due to the drought, but as well as in war“, they pointed out.
In April, foods increased the most hake filet with 17.1%; wheat flour, with 16.1%, and sunflower oil, with 13.5%. Despite the rhetoric of price agreements, French bread is up 11.1% and is already trading at $ 295 per kilo on official spreadsheets.
Also there have been falls marked by timely issues, such as the tomato, which fell 25% and the lemon, which yielded 15%.
Inflation data for April hit particularly the Secretary of Internal Trade under the direction of Roberto Feletti. This showed that food had escaped price controls, while the trust seeking to lower the price of bread had failed. In January, the INDEC record showed that a kilo of French bread cost $ 209.9. Jumped 41% in just four months.
On the side of the dressclothing rose 9.9% on the month, more than any other item.
Despite the fact that the Government associates local inflation with the global situation, the fact is that the clothing jump is higher than in neighboring countries: Over the past 12 months, clothing has increased by 14.9% in Brazil, 6.5% in Uruguay, 5.4% in the United States and 1.3% in Chile.ang
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Source: Clarin
