The inflation rate in October was 2.3% compared to the previous month and 31.3% compared to the same month last year. According to a report by the National Institute of Statistics and Census (INDEC), the cumulative inflation rate reached 24.8% in the first 10 months of this year.
Consumer Price Index (CPI) for October Accumulate 5 months of acceleration And he scored over 2 points for the second time in a row. In addition, it was 160.8% in November 2023, falling below the same month last year for 11 consecutive months.
The Ministry of Economy emphasized that: The six-month moving average of general inflation continued to decline, at 1.88%.This was the lowest level since January 2018.
Meat in the Millais era: price and part variation that exceeds inflation
“So, The disinflation process continued “Despite the decline in financial demand caused by electoral uncertainty in recent months and attempts by the opposition to break the fiscal anchor,” the economy minister said. Luis Caputo.
And he added: “this is Solid economic planning and successful fiscal and monetary order It is to reduce the impact of financial instability on the purchasing power of Argentines. ”
October price trends
Department of The biggest increase for the month was transportation (3.5%); This was followed by housing, water, electricity, gas, and other fuels (2.8%).
Food and non-alcoholic beverages All regions except Patagonia had the largest impact on monthly increases. In Patagonia, housing, water, electricity, gas, and other fuels were the largest.
On the other hand, the two registered departments are The least variation was in housing equipment and maintenance. Recreation and Culture, both 1.6%.
At the category level, Seasonal prices (2.8%) drove the increasefollowed by regulated (2.6%) and core CPI (2.2%).
Comparisons with October 2024 highlight a 45.6% increase in housing, water and electricity prices, while education prices have increased by 59.5%, reflecting significant adjustments in rates and services.
According to CEPEC, “part of this acceleration in inflation is due to May be related to exchange rate appreciation in the pre-election situation There, the dollar is again putting pressure on prices for imports and sectors sensitive to exchange rate fluctuations. ”
And they added: “Although the record remains below last year’s peak, sustained inflationary pressures still indicate that conditions are here to stay.” “A sustainable deflation process was not achieved.”
LM
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