Food and non-alcoholic beverages increased 2.1% monthly versus 3.4% in October, with slowdown in almost all items, influenced by the Care Prices program. There was even deflation in specific products such as rice, table bread, and fresh milk.
The exception was Meats, with double-digit increases in some cuts, given the impact of increases in the price of beef.
Restaurants and hotels was the only division that accelerated its inflation rate and led the increases for the month (5% vs. 4.1% in October), followed by Clothing and footwear (4.1% vs. 5.1% in October). “It is a product of the opening of the post-pandemic and the protection that some sectors enjoy, which allows them to increase prices above the average,” commented economist Jorge Neyro.
The Seasonal products increased only 0.5% monthly, compared to 8.1% in October, with sharp drop in vegetable prices – in the GBA the fall was -11.8% per month – and for lower increases compared to September for Fruits and Clothing.
It also lowered its inflation rate Regulated up to 1% per month, compared to 1.9% in October, with increases in electricity, and – to a lesser extent than in September – in public transport in the interior of the country
Too Divisions with products included in the agreement such as Alcoholic Beverages and Tobacco (1.1% vs. 2.2% in October) and Miscellaneous Goods and Services (2.0% vs. 3.0% in October) reduced their inflation, on all for the impact on personal care products.
In addition, Health (2.4% vs. 4.7% in October) slowed after three months with authorized increases in prepaid, Transportation (2.2% vs. 3.1% in October) due to lower increases in public transport than last month and Recreation and Culture (1.5% vs. 4.0% in October).
Other divisions that remain stable with The lowest growth rates are Communication (0.8% vs. 1.1% in October) and Education (0.8% vs. 1.4% in October).
In year-on-year terms, inflation was 51.2%, decreasing with respect to the previous month (52.1%), and accumulated a 45.4% rise so far this year.
Source From: Ambito
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