The national measurement for January posted 6.1% monthly, almost one point above the December record.
In a report, he stated that “the category that grew the most was the Core CPI (+7.3%)“, which reflects the underlying trend of prices at the exclude seasonal and regulated prices.
The main argument of Government he focused on the high variation shown by seasonal prices as well as regulated ones.
Ecolatina commented that “on this basis, acceleration of more than 2 percentage points. In this category would be Subtracting an argument for the monetary authority to continue maintaining the Monetary Policy Rate (6.3% of the Effective Monthly Rate) at these levels if you are looking for a more robust positive real rate cushion.
The report stated that seasonal prices moved 5% (2.1 points below the first half of January), moderated by a lower growth in clothing, vegetables (although above average) and some items associated with the Tourism.
Meanwhile, the regulated prices showed less dynamism than last month, advancing 3% per month.
Among the different items, once again highlighted the rise in food and beverages (+9.2%), Given the, excluding this item from the calculationthe CPI Ecolatina would have risen a 4.4% month to month.
In line with expectations, the increase in this division was pulled mainly due to the jump in the prices of the beef (+22.2%), after the 40% increase in the prices of standing farms from the second half of January.
Ecolatina pointed out that beef explained almost 1.3 points of the increase in the general level. There was also an increase in fruits (+15.8%) and dairy products and eggs (+7.0%).
The products associated with massive consume managed to climb below average (CPI Massive Consumption recorded 5.3%), realizing a certain impact of the program Fair Priceswhich freezes close to 2,000 and guides the monthly increase of another almost 50,000 at 3.2% up to and including June.
Source: Ambito
