August inflation in the City of Buenos Aires was 10.8% and amounts to 80% in the year

August inflation in the City of Buenos Aires was 10.8% and amounts to 80% in the year

September 7, 2023 – 12:02

CABA inflation in August reached 10.8% and has accumulated 79.8% so far this year. Food increased above inflation.

The CABA inflation In August it reached 10.8%, as reported this Thursday by the General Directorate of Statistics and Censuses (DGEyC) Buenos Aires It’s about the highest measurement since this organization began calculating the Consumer Price Index (CPI) in 2012.

The accumulated between January and August was 79.8% and in the last twelve months it marks a variation of 127.3%.

The data was published before the figure of the National CPIthat he National Institute of Statistics and Census (INDEC) will publish it next Wednesday the 13th and it is the first indicator that gives clues regarding how the price acceleration was in the eighth month of the year after the devaluation carried out by the Government after the Primary elections (STEP).

What were the main increases?

The segments that registered increases above the general index were Housing, water, electricity, gas and other fuels (13.8%), followed by Food and non-alcoholic beverages (12.5%) and Home equipment and maintenance (12.3%).

The rise in expenses living place are explained by the impact mainly of the adjustments in the rental prices and in the rates of water. To a lesser extent, increases in the values ​​of common housing expenses had an influence.

Within the division of FoodAccording to the report, the main impulse came from:

  • Meats and derivatives (19.2%).
  • Bread and cereals(10.4%)
  • Vegetables, tubers and legumes (15.9%)
  • Milk, dairy products and eggs (7.7%).

Furthermore, during the month of August the Estate recorded an increase of 12.4%, above the Serviceswhich increased 9.7%, and the strong rise in that item is explained by the increases in food values.

Source: Ambito

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest Posts