First private data: inflation in Bahía Blanca was 7.04% in August

“A disastrous month in terms of inflation”. It was August for the IPC On Line of Bahía Blanca, which measured 7.04% in that monththe highest indicator since it started tracking prices in 2014.

Interannual cumulation of variation reached 76.05%while so far in 2022 there has been an average increase in prices of 53.91%. Inflation of 90.96%

The result is the product of heavy July dragwith its ups and downs in the Ministry of Economy and the typical increases in August, which accelerated it. Accommodation and basic services (10.88%), it drove the increases from electricity increases, before the application of the tariff segmentation and rents.

Other goods and services (8.19%) and Clothing (8.09%) complete the podium. Below 8%, albeit above the general level, Food and Beverage (7.59%) with a combination of increases due to seasonality and “a generalized and strong adjustment of the variation rates of some products” underline.

They highlight a “huge increase” in Fresh vegetables, with more than 40% variations in sweet potatoes, potatoes and squash. White and table linen (37.01%), accommodation for tourism (21.41%), books (generalized increases over 35%) and household appliances for washing and cleaning, at the top of the 13,000 products and services interviewed .

At the bottom of the extensive list there is also another record: only four items have registered price drops. These include air fares for tourism (-12.38%) and Computers and accessories (-1.24%) “what little and nothing they managed to do to compensate for the increases” highlights the report.

More than two points behind the leading rumors was Transportation and Communications (5.01%) with a 40% increase in taxi fares and a sleeper who will wake up in September. Is that at the beginning of the month the Bahian Deliberative Council approved a 30% increase in urban passenger transport.

Once SUBE updates the system, the flat rate will be on the verge of 100 pesos (99.60). To offset the impact of the country’s most expensive ticket, the municipality will add, for the benefit of frequent passengers (who pay about a third of the fare), the combined ticket, which will allow two consecutive journeys, for the price of one.

After Transport, there are the items Attention and Medical Expenses for Health (4.95%), Recreation (4.34%) and Education (2.96%).

With the unprecedented monthly number, year-on-year inflation is 76.05% and so far this year has accumulated 53.91% in the southern city of Buenos Aires. Moving forward, the projection for the whole of 2022, with an average rate of 5.54% this year, reaches 90 points

“If this average were repeated from September to December, the expected annual cumulative would be 90.96% inflation. How difficult will it be to reach the triple digits four months before the end of the year? “They ask IPC On Line.