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Inflation in CABA reached 4.8% in June, higher than in May, and accumulated almost 89% for the year

Inflation in CABA reached 4.8% in June, higher than in May, and accumulated almost 89% for the year
Inflation in CABA reached 4.8% in June, higher than in May, and accumulated almost 89% for the year

The Inflation in the City of Buenos Aires hit the brakes on the sustained slowdown and was located at 4.8% during June, 0.4 percentage points (pp) above the previous month (+4.4%). In the first half of the year, the consumer price index (CPI) accumulated a rise of 88.9% and in the last 12 months it reached 272.7%according to General Directorate of Statistics and Census (DGEyC) porteña.

“Within what was expected, the data from CABA is very good”said the economist Gabriel Caamano in your account X (formerly Twitter), which also highlighted that the seasonal gave “in favor”, with an increase of 2.4% and the core in 4.1% monthly.

“The difference versus May It’s in Regulated (+2.2% vs 8.5%)hence the rise of 0.4 pp in total,” the economist added.

CABA inflation: increases with the greatest impact on the CPI

The most significant increase in the price variationoccurred in the division of Housing, water, electricity, gas and others fuels (+7.3%)due to the update of electricity ratesas well as the progress in the values ​​of the rentals and of the common expenses.

Meanwhile, the sector of Restaurants and hotels (+6.4%) also suffered an increase above the average inflationas a result of increases in the prices of prepared foods in restaurants, bars and food stores.

The variation of Food and non-alcoholic beverages (+2.7%) was well below the CPI. The main drivers of the sector came from the Milk, dairy products and eggs (4.6%), bread and cereals (3.2%) and vegetables, tubers and legumes (3.1%).

CPI CABA.png

Finally, Transport registered a rise of 4.7% due to the impact of Increase in subway fare and, to a lesser extent, fuels. The drop in airfare prices, in turn, helped to take the pressure off this division. Health averaged an advance of 4.3% as a result of the increase in the quotas of the prepaid medicine.

Source: Ambito

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