Inflation in April slowed 2.3% in CABA, Although the nucleus rose to 3%, he reported Monday The Statistics Institute of the City of Buenos Aires. Despite this, A rise of 11.1% accumulates in the first four months of the year and in the variation interannual reached 52.4%.
The divisions that had the most increased last month and were located above the average were Personal care, social protection and other products, with 3.7%the same value that registered Clothing and footwear. Meanwhile, Alcoholic and tobacco drinks It rose 2.4%. In turn, A very relevant item, such as food, rose 2.2% in April, below the general level.
For its part, Core inflation accelerated to 3% (In March it had been 2.7%). This reflects a certain resistance of inflationary inertia. Meanwhile, the seasonal prices 1.1% fell and regulated 1.5%rose; Both were Keys at the slowdown of the Buenos Aires CPI. Besides, The services rose more than the goods, with 2.4% compared to 2.2%.
“Well the inflation data in CABA for April, 2.3% versus 3.2% in March. Key that fell the price in fruits and vegetables. They also helped regulated prices. While inflation core rose from 2.7% to 3%. To wait for the national data that comes out on Wednesday, “said the director of ANALYTICS, Claudio Capraulo.
Inflation in CABA: What were the prices that most rose in April?
As explained in the official report, the rise of the Estate responded “fundamentally to increases in food prices (mainly meat and dairy) And, to a lesser extent, to the increases in the values of clothing and fuels and lubricants for household use vehicles“
Meanwhile, the behavior of Services It was due to the increases in the prices of the restaurants, bars and food houses and rentals. It was followed in importance, the increases in common expenses for the house and in prepaid medicine quotas.
In the opposite direction, the Falls In the rates of the tourist packages and hotel housingcontributed to remove pressure on the index.
So, In the first four months of the year the goods accumulated a rise of 8.8% and the services of 12.6%,
As for Regulatedinfluenced Updates in prepaid medicine quotas. They were followed in importance, Fuel prices settings for use vehicles of home and cigarettestogether with the increases in the residential rates of the electricity service and the journey in subway.
Finally, the Seasonal They fell, mainly by The casualties in the values of tourist packages, housing in hotels and vegetable prices.
Inflation: CABA number could be replicated nationwide?
The economist Juan Manuel Telecheain talk with this medium, he indicated that the comparison of both indices must be taken with “care” since The weighting of the city’s CPI has a much stronger component in services than in goods, unlike what happens with the CPI nationwide.
Anyway, he said, still correcting this situation, he believes that there will be a “significant decline nationwide.” He also said that this data is a “good advance.” For this expert, it is Very likely, March inflation is less than 3.7% and could even fall below 3%.
Source: Ambito
