Cities: inflation already reaches 53% in 8 months

Inflation knows no respite. Food prices continued to rise in August, in particular vegetables, bread, cereals, meats and oils, clothing and footwear and medicines. Thus, the Department of Statistics and Census of the city of Buenos Aires reported that, on average, the increase in consumer prices last month, that is, in August, was 6.2%.

With this number In the first 8 of the year, the Buenos Aires Consumer Price Index (IPCBA) accumulates an increase of 53.0% and 74.6% in 12 months.

In the year-over-year measurement, in increments of over 100%, the highlights “Clothing” with 114.1%, Housing (131.5%), Maintenance and repair of housing with 106.1% and Medical Insurance (prepaid) with 100.2%.

These data anticipate the national data that will be released next Wednesday by INDEC And they correspond to the first month of Sergio Massa at the helm of the Ministry of Economy.

According to the Buenos Aires Report, price increases were generalized because “they basically responded to increases in the following divisions: Food and soft drinks, Health, Housing, water, electricity, gas and other fuels, Restaurants and hotels, Transportation and Equipment and home maintenance, which together account for 71.2% of the increase in the General Level. “.

According to the different chapters that make up the CABA CPI, the increases were as follows;

• Food and soft drinks recorded an average increase of 7.1%. The main impulses came from Bread and cereals (7.1%), Milk, dairy products and eggs (7.5%), Vegetables, tubers and legumes (11.4%) and Meat and derivatives (4, 0%). These increases anticipate the rise in the cost of basic food or the basket of indigence.

• health rthey recorded an increase of 9.0%, due to the adjustment of the quotas of prepaid medicines and, to a lesser extent, to the increase in the prices of medicines.

• Housing, water, electricity, gas and other fuels recorded an average increase of 4.2%, mainly due to the increase in rental prices. They were followed by increases in the values ​​of common housing costs.

• Restaurants and hotels it increased by 5.5%, due to the increase in the prices of food prepared in restaurants, bars and trattorias.

• Transport recorded an average increase of 5.1%, due to the increase in the value of the city bus ticket, together with the increase in car prices.

• Equipment and maintenance for the home it recorded an increase of 8.3% due to the increases in the remuneration of domestic service personnel. To a lesser extent, increases in the values ​​of cleaning products stand out.

Foods with the biggest increases last month were the following, with some entries in double-digit increases:

• Bread and cereals + 7.1%.

• Milk, dairy products and eggs + 7.5%.

• Meat and derivatives + 4.0%.

• Oils, butters and other fats: + 8.8%.

• Vegetables, tubers and legumes: + 11.4%.

• fish and shellfish: + 10.6%.

• Fruit: + 11%.

Wines: + 7.0%,

• Beer: + 4.6%.

According to the Department of Buenos Aires, food increased by 62.1% between January and August. They are 8.3 points above the general average.

They led the increases in the first 8 months of the year: Vegetables, tubers and legumes with 94.6%, bread and cereals with 65.6%, milk and dairy products with 62.7% and meat with 50.4%. The staple foods are those that most affect the sectors with fewer resources, salaried and retired and explain the decline in purchasing power of all these sectors.

Compared to a year ago, the increase in prices in clothing with 114.1% and in foodstuffs, increases in the prices of bread and cereals with 87.5%, oils and butter with 90.1%, stand out. meat (73.4%), milk and dairy products (78.9%) and vegetables, tubers and legumes (94.4%).

For September, analysts and consultants already estimate that inflation would remain at these valuestaking into account the increases in the first week of the month plus the increases already authorized.

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