In December, the division with the greatest increase was Various goods and services (32.7%), due to increases in personal care items; followed by Health (32.6%), due to variations in medications and prepaid medicine fees; and Transport (31.7%), due to increases in fuel.
However, the division with the highest incidence in all regions was Food and non-alcoholic beverages, with an increase of 29.7%, Indec specified, driven by energy prices Meat and derivatives, and Bread and cereals.
In the last month of 2023, the items that registered the smallest variations were Education, 6.2%; and Housing, water, electricity and other fuels, 13.8%.
By categories, the Core CPI increased 28.3%; followed by Regulated Prices, 20.7%; and Seasonal products and services, which registered an increase of 16.2%.
December inflation: food in the GBA soared up to 69%
By observing in detail the prices reported by INDEC in the GBA, one can notice, excluding seasonal variations, items that are consistent with the increase with all witness products, such as meat. The kilo of roast increased 43.6% from $3,617.57 in November to $5,195.56 in December. The rump per kilo registered an increase of 42.8%, the buttock 40.3%, the shoulder 38.4.8% and the minced meat 34%.
For its part, the value of the whole chicken It went from $1,275.08 to $1,652.73 (29.6%) and the pack of frozen hamburgers increased 36.9% from $1,551.86 to $2,124.13.
Regarding reference values, another of the items that increased the most was “Bread and Cereals”. Simple white rice went from $1,020.69 to $1,557.53 per kilo (52.6%) and common wheat flour 000, which cost $323.26 in November and its value on the shelf reached $492.38 in December (52. 3%).
Other sensitive products in the diet of Argentines that had a significant increase were dry noodles, that happened from $760.44 to $991.66 (30.4%) and table bread, whose value went from $804.52 to $1,113.20 in December (38.4%).
They followed him sunflower oil, with an increase of 56.6%, canned tomatoes (51%), milk in sachets, which went from $457.10 to $614.66 (34.5%), pategras cheese (32.3% ), firm yogurt (29.4%), butter (24.6%) and chicken eggs per dozen going from $1,397.28 to $1,622.13 (16.1%).
Finally, The “Fruits and Vegetables” category had the following increases: lemon, whose value per kilo went from $459.96 to $775.97, which represents a jump of 68.7%. Other products that suffered significant increases within this division were oranges (36.9%), bananas (31%), anco squash (36.2%) and lettuce (20.2%). Generally this item is tied to seasonal prices and usually recognizes significant increases.
It is expected that the marked increases in the food item will have a strong impact on the valuation of the basic basket that measures indigence and poverty, which will be released next Monday.
Inflation: what increased the most in 2023
The increase of 211.4% registered in 2023 was the highest since 1990 to date, year that closed with hyperinflation of 1,349%.
During 2023, the items that registered the most increases were: Food and drinks (+251.3%); Home equipment and maintenance (+231.7%); Health (+227.7%); Restaurants and hotels (+219.1%); and Recreation and culture (+218.2%), all of them above average.
Then they followed: Various goods and services (+204.4%); Transport (+187.7%); Alcoholic beverages (+180%); Clothing and footwear (+169.4%); Housing, water, electricity, gas and other fuels (+149%); and Education (+141.7%).
Source: Ambito
