The Inflation continues its slowdown and despite the fact that for the first time since 2023 drilling in the year -on -year variation 100%by disaggregating the different segments it is observed that Key itemsas is the case of housing and services, They are still marking Avings up to 250% In some regions. What is behind this situation and how does it impact the consumer price index (CPI)?
In the last 12 months, the variation of the item Housing, water, electricity and other fuels It was from 251.6% in it Northwest, 223.7% in the Patagonia, 222.5% in Whose 216% In the region Pampeana and of 214.8% in it Greater Buenos Aires (GBA). The only region that so far drilled the 200% barrier was that of the Northeastwith a rise from 193.6%.
Inward each region, there is a strong rise in public services, which reaches almost 400% in regions such as the Patagonia (392%) and GBA (387.4%). They follow him Whose with 321.6%, The region Pampeana with 320% and the Noa and the NEA with 297.2% and 226.1%, respectively.
Housing and services inflation: How does it impact consumption?
As happens every time we talk about the inflation in the different items, or that it does not mark the reality of a type family, the discussion of the Updated weighting that IPC should have that elaborates the National Institute of Statistics and Census (INDEC)based on National Household Expenses 2017-2018 (Engo).
“While the latest data from wages They showed real growth with respect to those of November-23 For registered private ones, the rest of the categories are still significantly affected, more if it is considered the Fall in employment and the change in relative priceswhere services gained ground on goods and forced income“The Ecogo economist explained, Rocío Bisang.
The change in relative prices led to homes having to redefine their budgets and allocate a greater portion to public services. So it is that, the consumption fell 10.6% compared to January 2023, according to the consulting company Scentia.
Households stopped consuming products that are not indispensable such as Alcohol drinksthat fell 19.3%, The expenses impulsive (like sweets), who came down 17.4% and Without alcohol (-16.3%).
In that context, salaries private A real 0.6% faint were recovered, although it should be noted that it is an average and not all agreements rose proportionally. The public They had a loss of 15.3% in its purchasing power.
GBA inflation: How much did public services upload?
Public services in the Metropolitan Area of Buenos Aires rose to 559% interannual, headed by the strong rise in Natural gas ratesfollowed by the increase in 382% of the transporthe 321% of the water and the 270% of the electrical energyaccording to the survey of IEEP Rate and Subsidies Observatory (UBA-Conicet). On average, the service basket varied 345%.
Of these increases, in January there was an increase in 10.9% of the Electricity rates and a 1% in it water. At the other end, a decrease in just 0.9% in the Natural gas ballot.
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What would be the new Weight of Indec and how would it influence
The weighting they currently have homes and services in it IPC It is from 9.44% nationally, and with the new index, which INDEC has prepared but the government does not approve for fear that inflation will be triggered, it would climb to 14.5%.
In that sense, it should be noted that the increase in housing, water, electricity and other fuels It was from 4% In January, he almost doubled monthly inflation (2.2%), and was in the 217.7% average year -on -year. This implies that with a greater weighting of this item, it would have pressed much more about the average variation of the first month of the year.
Source: Ambito
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