In the last few hours, the Indec came out to report how much the real inflationary impact will be on the calculation of the Consumer Price Index (CPI) in its annual version, increases in public services.
According to information from the Institute, a theoretical increase of 60% in the network natural gas tariff has an incidence of 0.3% in the CPI calculated annually for Greater Buenos Aireswhile, at the national level, it is 0.1%.
In another reference, an increase in the electricity rate also of 60%, implies an incidence of 0.2% for the CPI of Greater Buenos Aires and 0.1% at the national level in the annual calculation.
With reference to the mains water supply, an increase of 60% has an annual incidence of 0.1% on the GBA CPIwhile it is marginal in the national.
To take a reference in comparative terms, the numbers change when it comes to a rise in fuel. For example, it is mentioned that for every 10% increase, there is a 0.15% direct impact, to which is added a similar number of indirect impact, which is usually called second-round increases. In other words, an increase of 60% adds a direct percentage point to the CPI and another indirect point.
The contrast allows specialists to settle some arguments. It will be necessary to remember that the oil companies have just increased their fuel prices up to 12% just three weeks ago, in what was the third increase so far this year.
This update was added to those made in February and March, so fuels have accumulated a rise of up to 31% so far this year.
It was the fifteenth increase in fuels that takes place during the administration of Alberto Fernández. In that period, the liter of super gasoline, for example, presented a close rise of up to 130%. In the Premium segment, the rise exceeded 140%. These increases are above the adjustments that gas and electricity rates had, for example: since December 2019, gas has increased by an average of 91% and electricity by 38%. In both cases, it must be clarified that the rates were frozen for many months and progress is being made in an update scheme with segmentation. To these numbers are now added those recently communicated.
Source: Ambito
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