“In a price variation context, what is relevant is to evaluate the evolution of relative prices, that is, the relative increase or decrease in price of a good”, explains Argañaraz. And he details that, in Argentina, health became relatively cheaper by 5.7% in the last year, that is, 5.7% less of other goods or services are required to buy the same health units as a year ago. . It was similar to what happened in the average country, where it became relatively cheaper by 5.6%.
Likewise, while in 22 of the 36 countries, health prices had higher inflation in the last quarter (August-November) compared to the previous one (May-August), in Argentina, the decrease in the rate of inflation quarterly was 5%, since it went from 21.3% to 16% in that period.
However, in the last 59 months the Health 5.4% became relatively more expensive in Argentina. Meanwhile, in the average of countries it became cheaper by 7.5%. Indeed, in Argentina today it is necessary to allocate 5.4% more units of other goods and services to acquire the same health units as in December 2017. In the countries as a whole, with 7.5% fewer units of other goods and services, the same number of health units can be purchased today as 59 months ago.
Source: Ambito
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