If confirmed, this figure would mean an increase of 4.4 points month-on-month, which occurred mainly as a result of the devaluation 22% in the wholesale exchange rate carried out by the Government on August 14 at the request of the International Monetary Fund (IMF).
The data from UMET are known prior to the diffusion of the Consumer Price Index (CPI) that the National Institute of Statistics and Censuses will release next Wednesday. As highlighted in the IET report, with this record the inflation reached the 81% in the first eight months of the year, and 121.5% year-on-year.
“The inflationary acceleration in August was closely associated with devaluation jump after the STEP,” the document highlighted.
In this regard, he added that “in a economy with strong inflationary inertia and high volatility, transfers to devaluation prices tend to be faster.” Before the devaluation “inflation was running at a relatively similar speed to that of the previous months (between 7 and 8%),” the work added. from UMET.
All chapters of the basket They rose above 7% in August, something that had not occurred since 1990.
According to the IET measurement, the chapter that climbed the most is Recreation and culture, with 14%, driven by increases in electronics. Below were located Transportation (13%) and Health (12.7%).
Food and drinks, The item with the greatest weight in the basket rose 9.8%, driven by infusions, meats, dairy products and fruits, all with double-digit increases, it was stated.
Source: Ambito
