The Next September 14, INDEC will report the Consumer Price Index, amid the concern of the Government and the unions for the rise of this key indicator to define the basket of poverty. According to Ferreres, inflation in August was 6.7% monthly. On the other hand, core inflation advanced at a monthly rate of 6.1%, marking an annual increase of 73%. Other private consultants point out that the august inflation will be around 6.5%.
so far this year, the accumulated general inflation according to Ferreres was 50.9%while the nucleus accumulated 51.8% in August.
The Ferreres data comes from its Retail Price Estimate (IPC-OJF), which consists of a daily survey of more than fifteen thousand prices of GBA goods and services, which feed the database that allows estimating, through the use of weights, the general increase in retail prices.
According to this report, health and clothing led the month’s increases, registering an increase of 11.6% and 10.4% monthly, respectively, followed by food and drinkswhich presented a variation of 6.8%.
Source: Ambito
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