The March inflation He accelerated strongly and marked a 3.7%, amid the overheating of parallel dollars. Even so, the interannual variation slowed down to 55.9% thanks to the fact that the March 2024 inflationary was subtracted, as reported this afternoon the National Institute of Statistics and Census (INDEC). Among the increases, he stood out education that almost sextupled he Consumer Price Index (CPI).
“I fierce the data and worse than expected”said the sociologist Daniel Schteingart. In that line, Claudio Capraullo of ANALYTICS He added that beyond that he was above what was expected for his consultant, he was also far from the radar of the market, which predicted 2.6% for March (-1.1 percentage points – pp).
“There are effects of the seasonality March, such as Increase in education and in clothing and footwear. In addition, it was key that inflation in meat remained very high: around 6.2% in Greater Buenos Aires, “Capraullo analyzed in dialogue with Scope.
At the categories level, prices Seasonal They led the increase, with a jump from 8.4%; followed by Regulated (3.2%) e IPC Core (3.2%). “Seasonal products played particularly against“Schteingart said. And he completed that it could be explained mainly due to the increase of almost 40% in vegetables.
March inflation: the items that rose above the CPI
Among the items were the strong education risesthat almost sexubled the IPCby marking the 21.6%in the month at the beginning of the school cycle, with increases at all educational levels. “Education was the item that uploaded the most and surprised by the high,” they launched from C&T associated.
Food and drinksfor its part, it was also between the IPCreaching an increase in 5.9%with a large update component in the vegetables, tubers and legumesas well as in meat and derivatives. Within the increase in vegetables, from C&T associates highlighted the implication of heavy rains, which led to increase these products about 40%.
The You dress up and footwear (4.6%)after marking your first disinflation in January. Finally, restaurants and hotels They were also just above the general index (3.9%).
“March is a month of strong seasonality. In fact, dress (for the appearance of winter clothes) and education (which is a regulated item, but with seasonality for the beginning of the classes) they explained 0.8 points of the 3.7 of the inflation of the month, “they explained from C&T associated.
However, not all inflation acceleration could be explained by seasonal issues, since core inflation was 3.2% and chained its third consecutive month. “He returned to the value of November last year,” they emphasized from the consultant.
March inflation: the products that increased the most
The main increases within the basic products that the agency relieves for the Greater Buenos Aires (GBA)the following stood out:
- Round tomato: +105.6%
- Lettuce: +73.1%
- Pope: +28.2%
- Orange: +11.8%
- Whole chicken: +10.4%
- Ground coffee: +9%
- Quadril: +8.5%
- Eggs: +8.2%
- Palette: +7.5%
- Nalga: +7.1%
What can happen in April?
According to C&T, a moderation in the rises is shown in the food field, although “what happens during the rest of the month will be conditioned by the ads made by the Government in relation to the new agreement with the intensational monetary fund (IMF).”
Source: Ambito
