Inflation in May stood at 4.2%, with strong increases in communication, education, alcoholic beverages and tobacco; and foods and non-alcoholic beverages. In the disaggregated, there are products in the basket that climbed up to 72.7%.
The inflation slowed to 4.2% in May and in the first five months of the year it climbed 71.9%, as reported by the National Institute of Statistics and Censuses (INDEC). In the year-on-year comparison, it rose 276.4%.
The division with the greatest increase in the month was Communication (8.2%), due to increases in telephone and internet services. They followed Education (7.6%), due to increases at all educational levels, and Alcoholic beverages and tobacco (6.7%) due to the increase in cigarettes.
Meanwhile, the division of Food and non-alcoholic beverages (4.8%) was the one with the highest incidence in all regions, due to increases in vegetables, tubers and legumes; milk, dairy products and eggs; and oils, fats and butter.
The cost of total basic basket (CBT)which measures the poverty line, rose 2.8% in May, while in year-on-year terms the increase was 290.7%, above the general inflation that gave a 276.4% for the same period. Thus, a family made up of two adults and two minors needed $851,351 to avoid falling into poverty during the fifth month of the year, according to INDEC.
Inflation in GBA: which products rose the most?
There are products of the basic basket that increased up to 73%, but at the same time, there are others that decreased up to 34%, especially vegetables, due to seasonality.
Top 10 products that increased the most:
- round tomato: 72.7%
- Lettuce: 21.8%
- Sweet potato: 12.2%
- Butter: 9.5%
- sardinian cheese: 7.9%
- Onion: 7.8%
- Yerba mate: 6.7%
- fine salt: 6.5%
- pategras cheese: 6.2%
- table bread: 5.6%
Inflation in GBA: which products fell?
Although there were products that increased greatly, there were others that they decelerated their value and they even went down up to 34%, anchored by the seasonality of some vegetables.
Top 10 products that dropped:
- Orange: 34.1%
- Banana: 10.1%
- Sugar: 6.8%
- Common wheat flour 000: 3.7%
- Plain white rice: 3%
- Dad: 2.6%
- Packaged sweet cookies without filling: 1.7%
- Sunflower oil: 1.4%
- Cotton: 1.2%
- Salami: 1%
Source: Ambito
