The General Directorate of Statistics and Censuses of the City of Buenos Aires released theirs this Thursday Consumer Price Index (IPCBA) report for August. Monthly inflation was 10.8%, up more than 3 points compared to July, that was 7.3%. This results in an annual fluctuation of 79.8%, while the inter-annual development was 127.3%. It is the highest since the agency measured it in 2012.
The variation of the IPCBA basically responded to the increases in the items Housing, water, electricity and gas, food and non-alcoholic beverages, restaurants and hotels, health and transport which together accounted for 69.8% of the increase.
The post housing, water, electricity and gas suffered Increase in water and rental prices for private households resulting in an increase of 13.8% (163.2% annual variation).
Food and non-alcoholic beverages recorded an average increase of 12.5%, with a strong increase in meat and derivatives (19.2%)., followed by bread and cereals (10.4%), vegetables, tubers and legumes (15.9%) and milk, dairy products and eggs (7.7%). This item saw a year-to-year variation of 130.3%.
Restaurants and hotels, on the other hand an average increase of 8.3% (144% YoY) after the prices of food prepared in restaurants, bars and grocery stores have increased.
Health increased by 10.8% due to Adjustments to Prepaid Drug Fees and in the values of medicines with an annual variation of 103.7%.
Transport recorded a 9.2% increase Price increases for cars and fuel and lubricants for vehicles for home use. This item saw a year-to-year variation of 109.8%.