“Worker inflation” was 5.5% in June and reached 65.1% in the last year

The “worker inflation” came from 5.5% in June and stopped the slowdown that occurred in April and May. Thus, in the first half of the year, the prices of the basket purchased by subscribers have accumulated 37%.

This measurement, prepared by UMET (Metropolitan University for Education and Work), is carried out on the basis of a basket adequate for the consumption of employees and that the trade unions and the CGT take into account,

Compared to the last twelve months, the increase in the prices of the products and services that workers buy reaches 65.1% Forks the highest since June 2014, when measurement began.

If inflation in the second half were equal to that of the first (average 5.4% monthly), 2022 would end with a cumulative price increase of 87.9%, estimates the monthly UMET report. “At this point, monthly inflation should be less than 4.6% per month to prevent 2022 accumulated inflation from exceeding 80%“.

Inflation in June was driven by the “leisure and culture” item, which grew by 10.3% due to Receive on cable TV, pet food and tour packages (due to the proximity of the winter holidays). In second place were “communications”, with 9.3%, due to increases in telephone services.

Food and beverages increased in price by 5.9%, accelerating by 0.5 points from the May figure. Last month, the decline in products such as fruit and vegetables, which increased in price in June for reasons of seasonality, played in favor.

Likewise, infusion prices have skyrocketed (especially yerba mate) and oils and fats (with record prices internationally).

For its part, “health” rose by 5.7%, in a month in which the prepaid increased by 6.7%. And “appliances and maintenance” became 5.5% more expensive, with general increases in furniture and appliances.

Of below averagethe articles of “transport”, with 4.7% (with 11% increases in zero-kilometer cars due to the growing exchange rate gap and lack of supply); Y “place of life” (4.2%), because there were some increases in electricity, building materials and rentals. Meanwhile, “other goods and services” (which had seen strong increases the previous month, for example in cigarettes) increased by 3.5%.

The only items that grew less than 3% were “education” (2.6%) and “Clothing and footwear” (2.3%), both for seasonal reasons (usually not a period of strong increases).

foods on the rise

The largest increases in the “food and drink” category occurred in infusions (12.4% monthly, 97.4% interannual), in particular yerba mate (+ 17.1%), heavily influenced by the summer drought in the NEA.

Second, the oils and fats increased 12% monthly and 90.6% yoy, heavily impacted by international price increases that pushed prices to record levels.

In third place, vegetables increased by 11.1% per month and 97.9% yoy. The increase in potatoes (30% monthly) had a strong impact on this item. Dairy products increased by 6.4% (66.5% yoy), sweets by 6% (71.4% yoy), alcoholic beverages by 5.8% (86.4% on an annual basis) and soft drinks by 5.6% (75 0.6% year on year).

The rumor that has grown the least in the last year has been fruit (38.7% yoy). Meanwhile, meat increased 3.7% monthly in June (62.7% year over year).

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