Inflation in October amounted to 5.4%: it started down?



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Annual cumulative 39.5%

The highest increase was in tariffs and fuels (8.8%), transport (7.6) and food and beverages (5.9%). The devaluation effect is still felt

INDEC announced on Thursday that inflation continues at worrying levels. After the September shootout, when it reached 6.5% the statistical institute reported that the price increase in the tenth month of the year was 5.4%.

In this way, 39.5% of the population accumulated annually. On the other hand, year-on-year inflation reached 45.9%.

The devaluation of the peso in the last week of August (when the price jumped from about 30 dollars to more than $ 37) continues to indicate an increase in prices.

In this way, The consumer price index (CPI) increased by 45.9% between October last year and the same month of the previous year.

At the time it revealed 5.4% in October, it is evident that the category of food and non-alcoholic beverages with the highest incidence in the population with the lowest sources increased by 5.9%, while turnover increased by 7.6% %. %. The sector, which was the biggest correction, was the one that corresponds to housing, water, electricity and other fuels, from 8.8%, in order to adjust the gas prices used by the government.

According to the official organism, the health line increased by 5.5% – by increasing advances -; Clothing and footwear, 5%; Household equipment and maintenance, 4,3%; Restaurants and hotels, 3.1%; Recreation and culture, 2.7% and education, 2.1%.

According to the breakdown by region, the Cuyo region recorded the highest increase in retail prices, namely 5.9%. They followed Patagonia and La Pampeani, with a record value of 5.8%.

In Greater Buenos Aires, the cost of living increased by 5.1% and the total 39%

In the analysis carried out by sectors, the highest increase was recorded in traffic (58.7%) and food and beverages (43.7%).

Although the highest value in October in October was 5.4%, the government's economic team was positive, which fell by 1% compared to September. From now on, the Ministry of Finance expects that a fall will occur by the end of the year.

When they were designed, it would be downhill at the start of the journey. All economists disagree.

The truth is that Guido Sandleris's monetary policy, headed by a central bank with a controlled dollar, high rates and a zero emission plan, is trying to cool down the economy and hence inflation.

Finance Minister Nicolas Dujovna expected yesterday that inflation will remain high in October, "because it has a fall in September", reaching 6.5%.

However, he said that "we began to see a slowdown in November" so that "inflation is considerably lower than in October."

Food, above the general level

Green salad, sweet potatoes and potatoes were foods, which rose most in October, which was no loss in the month, according to figures published today by INDEC.

In October, the food and non-alcoholic beverages sector increased by 5.9% and increased by 43.7% in the first ten months of this year, almost four percentage points above the general inflation, reaching 39.5% over the same period .

In the last twelve months, the same share is increased by 46.4%, even above the general level, 45.9%.

In several articles, the two-digit number of lifts was exceeded, and among the highest, the salad was 76.1%; followed by sweet potatoes, 35.4%; and potatoes, 35.2%.

Among the items whose increase exceeded two figures, bananas (15.5%), frozen hamburgers (10.2%), lemons (14.1%), delicious apples (13.3%) and Zapallo anko (12, 4%), fine salt (12.4%), flan powder (10.3%), soap in bread (10.9%) and cotton (10.9%).

Under the two-digit number of increased noodles for harvesting (9%), detergents (9%), yerba mate (7.8%), dulce de leche (7.7%), butter (7.4%), yogurt %) and whole milk in the bag (8.4%).

Among the meat products, popular baking prices increased 1.6%, minced meat increased by 3.4%, whole chicken by 2.8%, hatching filling by 2.7%, and salami among cold meat were they increased the most, by 6%.

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