In March, INDEC announced the update of the consumer price index (CPI) with new weights in its basket of goods and services to bring it closer to the reality of consumption in the second decade of the 21st century, since they are based on the latest National Household Expenditure Survey (Engho), corresponding to the period 2017-2018.
The head of the organization reconfirmed the measure that will be carried out within two months: “We We have to ensure how we do things“Like all statistics, there are some issues, but we have to give people confidence.”
INDEC: details of the new CPI
Lavagna announced the new format in statements to Radio 10. In this context, he assured that the database that will aim to improve the price variation index will go from 320,000 to 500,000 pricesand from 16,700 informants to 24,000.
However, he did not give further details about the initiative since the project is in the “final tests”: “We are in the final tests. We have to be very careful when we make changes. so that this is well understood.”
Lavagna’s words indicate that the new CPI will come into force from Novemberalthough the trial period could be extended until the end of the year.
Inflation: food prices in the suburbs rose 6% in August
Food prices in 20 neighborhoods of the Greater Buenos Aires increased 6% in August, according to a survey conducted by ISEPCI (Institute for Social, Economic and Political Research on Citizens).
Thus, a family of two adults and two children/youngsters, who in July needed $388,795.47 for cover their basic needs food, a month later he needed $23,285 more to buy the same products.
In the eight months of the current government, The increase in these foods reached 125.30%. In November of last year, the same family of four was eating adequately with $182,905.48. This August, they had to add $229,175.65 to their budget to maintain the same diet.
Source: Ambito
