what was the most uploaded in may 2023

Notably inflation had accelerated in April, marking a high 8.4%the highest monthly level since 2002 (when it climbed to 10.4% in April of that year, after the end of Convertibility).

When breaking down the price increase, the segment with the highest increase was Housing, water, electricity and other fuels with 11.4%Due to the increase in rates for electricity and natural gas services through the network.

Followed by Restaurants and hotels (9.3%), which is “an item linked to financial exchange rates, which rose significantly since the end of April and its effect was seen especially in May,” according to the report by C&T Economic Advisors.

Another item with strong increases was Health (9.0%), which “mainly incorporates increases in medications (+9%)”, according to LCG Consultants.

Meanwhile, the division of Food and non-alcoholic beverages slowed to 5.8% after marking a peak of 10.1% the previous month, and was among the categories that suffered the smallest increases along with Education (4.9%).

At the category level, Regulated (9.0%) led the increase followed by the Core CPI (7.8%); while Seasonal registered an increase of 6.0%.

Inflation: what were the foods that rose the most in May in GBA

Despite the fact that the category Food and non-alcoholic beverages slowed down its rise compared to the previous month (fell 4.3 percentage points)continues to be the one that affects the most at a general level within the CPI and the one that hits the pocket of workers the most.

“The movement was strongly influenced by the drop in fruit and the moderation in meat, since the increases in other components continued to be very strong”according to the report of C&T Economic Advisors.

According to the report of LCG Consultantsstated that “the slowdown is explained by a drop in Fruits (-4.1%) and lower increases in Vegetables (+7.6%), both with a high incidence of seasonal products. It was also decisive Moderate rise in Meats (+1.5% in May vs. 9.3% in April), which represents 33% of the food basket“.

INDEC reported monthly inflation of 7.8% in May at the national level, which rose to 8% in the GBA region. Inflation for the last twelve months was 114% nationally and 116.3% in the GBA.

Regarding the food and non-alcoholic beverages, in Greater Buenos Aires it was 0.1 percentage point below the general level at 5.7%.

The foods with the highest increases were Sugar, sweets, chocolate, candies, etc. (13%); followed by Coffee, tea, grass and cocoa (9.7%); Milk, milk products and eggs (9.6%) and Bread and cereals (9.5%).

The only division that recorded casualties was the fruits (-4.1%) and meat marked 1.5%.

“Beyond this marked slowdown, the food and non-alcoholic beverages accumulate a rise average of 118% in 12 months; and of the 49% so far this year“concludes the report LCG Consultants.