The December inflation accelerated by 2.7% in front of 2.4% of Novemberas reported by the Institute of Statistics and Censuses (INDEC). In 2024, the consumer price index closed below 120%in it 117.8%, just as the market expected. In the last month of the year, a strong increase was observed in the price of food and non-alcoholic beverages, which rose 2.2%, 1.3 percentage points (pp) above last month.
This advance in food and beverage prices is attributed to the increases in Meat and derivatives, Bread and cereals and Milk, dairy products and eggswhich tend to accelerate more strongly due to the end-of-year holidays.
The division with the greatest increase in December was Housing, water, electricity, gas and other fuels (5.3%)due to increases in the Housing rent and related expenses and Electricity, gas and other fuelsfollowed by Communication (5%), for the increases in telephone and internet services.
At the category level, Regulated (+3.4%) led the price acceleration, followed by Core IPC (+3.2%), while the Seasonal decreased 1.4%.
December inflation: the Northeast was the region with the highest price increase
Between the distinction by regions, the Northeast was the hardest hit by inflationwith a price increase of 2.9%, above the general index. In this area, the rise in the division of public transportwhich shot up 26.8% due to ticket increases, followed by service telephone and internet (+5.4%).
He Greater Buenos Aires (GBA) It followed in importance of price increase, with a variation of 2.9%with great incidence of the increase in housing rental and related expenses (+9.3%) and recreation and cultural services (+5.9%).
He Northwest was in line with the general level (+2.7%), driven mainly by the rise in service telephone and internet (+6.6%) and housing rental and related expenses (+5.9%).
Below the general index (+2.7%) were the region of the Patagonia (+2.6%), the Pampeana (+2.5%) and Whose (+23%).
What were the products that increased the most?
The INDEC surveys a basket of 59 foods, drinks and other items for the GBAwhere increases of up to 22%.
Top 10 increases
- Lemon per kilo: 21.9%
- Roast per kilo: 18.4%
- Quadril per kilo: 12.5%
- Buttock per kilo: 12.4%
- Pallet per kilo: 9.5%
- Anco squash per kilo: 7.9%
- Ground coffee per 500 grams: 7.6%
- Common minced meat per kilo: 7.4%
- Bottled beer: 6.6%
- Still water: 5.8%
What were the products that dropped the most?
Just as there were products that increased up to 22%, there were also others that dropped up to 37.5%especially driven by seasonal fruits and vegetables.
Top 10 casualties
- Round tomato per kilo: 37.5%
- Onion per kilo: 16.3%
- Potato per kilo: 12.6%
- Simple white rice per kilo: 3.7%
- Sweet potato per kilo: 2.1%
- Banana per kilo: 1.6%
- Lettuce per kilo: 1.3%
- Bleach: 1.1%
- Common wheat flour 000 per kilo: 0.9%
- Whole milk powder per 800 grams: 0.6%
- Toilet soap: 0.1%
Source: Ambito
