Inflation in May was 5.5% in the city of Buenos Aires

Due to the increase in the price of meat, bread, dairy and rentalsthe Department of Statistics and Census of the City of Buenos Aires reported that, on average, the price increase in May was 5.5%.

With this number In the first 5 of the year, the Buenos Aires Consumer Price Index (IPCBA) accumulates an increase of 27.3 and 58.8% in 12 months. The data reported anticipates that the evolution of the national CPI, which will be known next week, will make another important leap.

“In May, the change in the HICP broadly responded to increases in the following divisions: housing, water, electricity, gas and other fuels, food and soft drinks, health, restaurants and hotels, and transportation, which together accounted for 67, 0% of the increase in the General Level “, reads the Buenos Aires Report. He specifies:

• Homes, water, electricity, gas and other fuels increased by 6.5%, due to the increase in the values ​​of common housing costs and rents.

• Food and soft drinks recorded an average increase of 4.9%. Within the division, the main impulses came from Meat and derivatives (7.9%), Bread and cereals (5.4%) and Milk, dairy products and eggs (5.3%). On the other hand, the decrease in vegetables, tubers and legumes (-3.5%) contributed to lighten this division.

• Health recorded a 7.2% increase due to the adjustment of advance medical expenses and the increase in drug prices.

• Restaurants and hotels it increased by 5.8%, due to the impact of the increase in the prices of food prepared in restaurants, bars and trattorias. The drop in hotel accommodation rates helped to mitigate the division’s increase.

• Transport recorded an average increase of 4.5% due to increases in the prices of fuels and lubricants for domestic vehicles. Follows the importance of the brake left by the increase in taxi fares that took effect the previous month, together with the increases in car values.

The rest of the divisions had a positive, albeit minor, impact on an overall level.

With these increases, due to the weight of basic foodstuffs, the basket of family poverty would be around 100,000 dollars, without considering the rent.

What happened to the main articles?

In just 5 months, vegetables and legumes increased by 43.5%, followed by fish by 34.7% and bread and cereals by 35.6%. In the interannual measurement, bread and cereals stand out with 71.3%.

Transport recorded an average increase of 7.8% due to the impact of the price increases of air tickets. To a lesser extent, the increases in the values ​​of fuels and lubricants for domestic vehicles, cars and the update of the taxi rate (which came into force on April 19) stand out.

The prices of clothing and footwear continue “without brake on the upside”: 5.3% in May, accumulating 74.4% in 12 months.

Restaurants and hotels recorded an average increase of 5.8% in May due to the impact of increases in the prices of convenience foods in restaurants, bars and inns. In 12 months they increased by 76%.

Health recorded a 7.2% increase in May due to tariff adjustments for prepaid drugs and rising drug prices.