Inflation in Argentina grows 5.3%
The National Institute of Statistics and Censuses indicated that the economy in Argentina experienced a considerable monthly variation
The Consumer Price Index of Argentina experienced a monthly variation of 5.3 % during the month of June and accumulated, in the first six months of the year, a rate of 36.2% with respect to the same period of the previous year, according to data released by the National Institute of Statistics and Censuses (Indec).
In the year-on-year variation, the country’s inflation stood at a level of 64 %, the highest record observed in the last year. The division with the greatest increase during June was health, with a month-on-month rise of 7.4 %, which was affected by the increase in the share of prepaid medicine and medicinal products.
This item was followed by housing, water, electricity and other fuels, with a rise of 6.8 %, mainly due to the incidence of the increase in electricity and gas rates. Also, alcoholic beverages and tobacco was another of the categories with the highest increase in prices.
Regarding food and non-alcoholic beverages (4.6 %), it was the one that had the highest incidence in all the regions. Within the division, the increase in vegetables, tubers and legumes stood out, although the increase in meat and derivatives was what had the most impact in most regions.
K. Tovar
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Source: Americaeconomica
