The June increase was the first inflationary rebound of Javier Milei’s administration. Which were the sectors that increased their value the most and which registered the smallest variations.
He National Institute of Statistics and Census (INDEC) reported that the Consumer Price Index (CPI) recorded an average monthly increase of 4.6% in June. In the first half of the year, it accumulated an increase of 79.8% On an interannual level, the increase reached 271.6%.
The increases in the rates of electricity and gas and in rent of the housing were the ones that determined the acceleration of prices after five months with moderation. It is even worth remembering that the Minister of Economy Luis Caputohad announced that “ Rates still need to be adjusted” in relation to the inflationary rebound in June.
June inflation: the items that increased the most
This way, “Housing, water, electricity, gas and other fuels”with a 14.3%is located as the sector that increased the most due to the increases in electricity, gas and rent rates. Then they followed him “Restaurants and hotels” (6.3%) and “Education” (5.7%) for increases at all levels of education.
Inflation Prices Supermarket Products Consumption
Mariano Fuchila
For its part, the two divisions that recorded the smallest variations in June they were “Alcoholic beverages and tobacco” (2.1%) and “Home equipment and maintenance” (2.3%).
The June increase was the First inflationary rebound of Javier Milei’s administrationafter the devaluation peak in December 2023.
Javier Milei celebrated the June inflation rate
After the inflation rate for June was announced from the United States, The President used his social networks to celebrate the data and pointed against the specialists which indicated a greater growth in price increases.
On various platforms, the president said: “Inflation in June was 4.6% despite the increase in rates. To think that analysts were predicting between 5.5% and 6.5%. Well… they were wrong again.“. He then stressed that the index of price increases “in the end started with 4” and cited the RIPTE index published by an official media outlet that recorded a 7.3% growth in revenue in May: “Recovering real wages.”
Source: Ambito
