The Consumer Price Index registered 6% in June, and accumulated 50.7% so far this year. In the last 12 months, inflation reached 115.6%.
June inflation was %, according to INDEC
Mariano Fuchila
Quite below what the private consultancies expected, the inflation it marked 6% in June and slowed down compared to May. He Consumer Price Index (CPI) thus accumulated 50.7% so far this year, while in the last 12 months it reached 115.6%.
With this data, the CPI slowed down 1.8 percentage points with respect to the previous measurement. The division with the highest incidence in all regions and, furthermore, the one that rose the least in the month was food and beverages that advanced 4.1%. On the contrary, the division with the highest increase in June was communications 10.5%. Followed by health with 8.6% and housing with 8.1%.
June segments
The economist, Gabriel Caamaño, from Consultora Ledesmain dialogue with Ambit He maintained: “Inflation reported by INDEC for June was 6% monthly, and 6.5% by the core. It was seen in the private measurements that the key was going to be seasonal, which only rose 1.8% per month for the INDEC. The seasonal effect was much stronger for INDEC. In particular, 1.8% monthly seasonal is the lowest record since November 2021 (0.5% monthly) In other words, in 20 months. Strong seasonal effect in the INDEC measurement”.
Precisely in the breakdown of the food segment, in the GBA, vegetables, tubers and legumes decreased by 5.9% during Junewhile fruits fell 3% (In the other sectors of the country it also decreased except in the Northwest). In turn, meat and derivatives in GBA only rose 0.9%, a similar trend in the rest of the country’s regions.
In turn, the economist Claudio CapraruloExecutive Director of the consultancy Analyticsalso assured in dialogue with this medium, that the data is “very positive” and that it is explained “mainly and, as it had been showing in previous months, by the price of meat and fruit and vegetables”.
Given this, He wondered what tools the Government has to sustain this inflationary data. “It will be necessary to see if this gap of food and non-alcoholic beverages with respect to the rest of the categories of the consumer price index is sustainable, what The Government will do when this begins to be reversed in order to contain the strong pressure that will be evident in the inflation rate“, he added.
Caprarulo also confirmed that this data is explained by the price of meat. “It is related to the negative consequences of the severe drought that the economy suffered this year”said the economist and concluded: “There are still six more complex months in exchange matters and we all know the direct relationship that exists between what happens with the price of the dollar and inflation.”
Regarding the division by regions, Patagonia (+6.8%), Northeast (+6.6%) and Northwest (+6.6%) were above the general measurement. For their part, the regions Pampeana (+5.9%), GBA (+5.8%) and Cuyo (+5.3%) they were below the general 6% for June. At the category level, regulated prices (7.2%) led the increase followed by the Core CPI (6.5%).
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Regarding the measurements of the last year, the CPI for June was the lowest in the last 6 months along with January, which was also at 6%. This was not the case with the year-on-year measurement, which was 115.6% and was the highest in the last 12 months.
Source: Ambito
