2023-11-07 15:43:00
In October, the Consumer’s price index of the City of Buenos Aires, measured by the General Directorate of Statistics and Censuses, recorded an increase of 9.4%which symbolizes a drop of 2.6% compared to 12% reported in September.
In this way, during the present 2023 the index suffered an accumulated annual variation of 120.2%while The year-on-year trajectory was 146.4%.
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The data corresponding to the tenth month of the year is very similar to that disclosed by the Secretariat of Economic Policyin charge of Gabriel Rubinsteinwho assured that inflation during October reached 9.3% according to the own survey carried out.
In the case of CABA, and as detailed in the official report, the price increase in the IPCBA “fundamentally responded” to increases in Housing, Water, Electricity and Gas (12%), Food and non-alcoholic beverages (9%), Restaurants and Hotels (8.3%), Education (15.2%), Home Equipment and Maintenance (10.7%), and Clothing and Footwear (11.4 %), “which, together, explained the 73% of the increase in the General Level.
Some of the items that increased the most in October in CABA:
- Education increased 15.2% as a result of increases in fees for formal education establishments. This item registered an interannual variation of 150.8%.
- Housing, water, electricity and gas increased 12% by mainly impacting increases in rental prices. To a lesser extent, the adjustment in the residential water supply service rate stood out. This item registered an interannual variation of 188%.
- Clothing and footwear averaged an increase of 11.4% as a result of the seasonal behavior of the division. This item recorded an interannual variation of 132.5%.
- Home equipment and maintenance averaged an increase of 10.7% by impacting adjustments in the remuneration of domestic service. To a lesser extent, increases in the prices of large appliances and furniture and accessories stood out.
- Food and non-alcoholic beverages increased 9%. Within the division, the main boosts came from Meat and derivatives (8.1%) and Bread and cereals (10.7%). Next in importance were Milk, dairy products and eggs (7.7%) and Vegetables, tubers and legumes (7%). This item recorded an interannual variation of 150%.
- Restaurants and hotels averaged an increase of 8.3% as a result of increases in the prices of foods prepared in restaurants, bars and food houses. Next in importance were increases in hotel accommodation service rates for tourist reasons. This item registered an interannual variation of 164.5%.
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When does INDEC publish October inflation?
The general data of Consumer’s price indexthe last one before the runoff between Sergio Massa y Javier Mileywhich will define the future of the country for the next four years, It will be reported by the National Institute of Statistics and Censuses on Monday, October 13.
According to analysts consulted by PERFIL, the trend, in this sense, and beyond what is reflected by the CABA CPI, continues to be positioned in double-digit inflation. In that case, It would be the third consecutive month in which this occursa streak that has not been observed since the January-March quarter of 1991prior to the implementation of the Convertibility program by the government of Carlos Menem.
However, compared to 12.4% in August and 12.7% in September, It would seem to be located slightly below them. It remains to be seen what the final number is and how much influence it can have on the final percentages of the runoff.
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