The City’s price index fell again and reached double digits. So far this year it has risen 72.6% and during the last year it has risen 292.5%.
Inflation in the City of Buenos Aires fell again in April with a 9.8% increase, continuing the downward path that began in January. So far this year it has accumulated an increase of 72.6% and in the last 12 months it rose 292.5%.
Although the figure continues to be high, the index prepared by the General Directorate of Statistics and Censuses of Buenos Aires shows a slowdown and partly anticipates the behavior of the national data that will be released by INDEC.
During April, the variation in the IPCBA responded fundamentally to the increases in the following divisions: Housing, water, electricity, gas and other fuels, Health, Food and non-alcoholic beverages, Information and communication and Restaurants and hotels, which Together they explained 75% of the increase in the General Level.
Specifically, housing, water, electricity, gas and other fuels averaged an increase of 22.9%, contributing 3.7 basis points to the City’s monthly inflation, mainly impacting the increases in residential rates for the network water and natural gas supply service.
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Source: Ambito
