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As foreseen by the Government and as the private consultants had foreseen, the Inflation in July was 7.4%the the highest in 20 years, according to the consumer price index (CPI) published Thursday by the National Institute of Statistics and Census (INDEC). The interannual variation is 71%.
So far, the highest CPI of this year and of Alberto Fernández’s entire administration had been that of last March, when it reached 6.7%, being the highest score since April 2002, when it reached 10, 4%.
The element that has increased the most was Recreation and culture which marked the uploads from 13.2%also explained by the increases in tourism-related services during the winter break.
They followed Equipment and maintenance for the home which had an increase of 10.3%. In third place Restaurants and Hotels with an increase of 9.8%, also included in the framework of the winter holidays.
The uncertainty generated by the resignation of Martín Guzmán on 2 July as Minister of Economy, added to the rise in free dollars (the combination of the blue, the CCL and the MEP), has accelerated the price increases, which had already been touched. the gondolas.
Food and beverages was among the rumors that increased the least: 6%. However, it was the one with the highest incidence in all regions) it was the one with the highest incidence in all regions. Within the division he stood out the increase in sugar, sweets, chocolate, candies, oils, fats and butter; Fruit; Vegetables, tubers and legumes; and Milk, dairy products and eggs.
Also, in July the increases in cigarettesin the division Alcoholic beverages and tobacco (6.4%); of the fee for prepaid medicines in the division Health (6.8%); telephone and Internet connection services, in Communication (5.5%); and educational services at all levels, in Education (6.1%).
The segment that recorded the smallest increases in July was Housing, water, electricity, gas and other fuels: 4.6%.
After the jump in the dollar and economic uncertainty, private consultants predicted that July inflation would be close to 8%. After falling to 6% and 5.1% respectively in April and May, the index rebounded to 5.3% in June, driven by the instability in the currency market which began to intensify in the second week of June.
As a prelude, the Department of Statistics and Census of the city of Buenos Aires reported this Monday that July inflation in the city of Buenos Aires was 7.7%, the highest since this indicator began to be officially measured in the territory. .Buenos Aires 10 years ago.
The figure was led by strong excursions in recreation, culture, hotels and restaurants, in a month that coincided with the tourist movement for school breaks. According to the survey, there is a cumulative variation of 44.1% per year and an interannual variation of 69.2%.
The item Recreation and Culture was the one that grew the most, according to INDEC, driven by the winter holidays. Photo Martin Bonetto.
In addition, a survey by a study center working with the CGT had anticipated that “July inflation was 7.3% in July, an acceleration of 1.8 percentage points from June’s record.”
The measurement for the CGT revealed that in the first seven months of the year inflation accumulated 47% and in the last 12 months the year-over-year increase reached 70.8%. Either way, these are the highest records since 1991.
Alberto Fernández and “efforts to solve the problem”
At noon this Thursday, just before the worrying inflation figure was known, Alberto Fernández gave a speech in Chaco in which he insisted that his government is “making the necessary efforts to solve the problem”.
“From the state we are making efforts to solve the inflationary problem and summoning all the people involved to help solve it, “he said during the act.
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