The CPI for the sixth month of the year was the lowest of the year, along with that of January, which also marked 6%. With everything, What items explain the slowdown in the CPI in June?
June inflation: three items rose below the general average
Breaking down the report, the three divisions below headline inflation (6%) are Food and non-alcoholic beverages which scored 4.1%; clothing and footwear which was positioned at 4.2%; and alcoholic beverages and tobacco in 5%.
The marked slowdown in inflation is explained by the increase in “seasonal”which in June registered an increase of 1.8%, compared to 6% in May and 12.6% in April.
Meanwhile, the regulated were located above the general level at 7.2%, the same as the CPI core with 6.5%.
Within the seasonal products, those that fell the most are found within the division of food and non-alcoholic beveragesled by fruits, which suffered decreases in all regions of up to -4.2%, except in the Pampeana, which increased 0.8%; Vegetables, tubers and legumes it also increased in almost all regions below general inflation, up to 5% with the exception of Patagonia, which shot up 10%, although in GBA they fell -5.9%; and meats that increased up to 2.4%.
“The items that most reduced their inflation in the last two months were Food and non-alcoholic beverages (5.8% in April and 4.1% in May), Clothing and footwear (7.6% and 4.2%) and Education (4.9% and 6.6%). Consequently, the variations of the price relative to the general level of these three items were respectively (-3.5%, -2.1 and -1.8%)”pointed out the economist Nadin Arganaraz.
On the other hand, the Clothing and materials they increased in all regions below general inflation, in all regions they rose to 5.6%.
Source: Ambito
