Argentina: Food and beverages were again above headline inflation

Published 2021년 8월 12일

Tridge summary

The National Institute of Statistics and Censuses (INDEC) has reported a general inflation of 3% in July, accumulating 29.1% so far this year. The highest increases were seen in "Restaurants and hotels" (4.8%), "Health" (3.8%), and "Food and non-alcoholic beverages" (3.4%). The prices of food and beverages have increased by 30.7% year-on-year, with the highest increase seen in "Vegetables, tubers and legumes" (9.5%). The increase in "Meat and derivatives" was only 1.5% in July, lower than previous months.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The National Institute of Statistics and Censuses (INDEC) released the results of the Consumer Price Index (CPI) corresponding to July of this year, which left a general inflation of 3% and accumulates 29.1 so far this year % In this sense, there were six items that were above the general CPI, being "Restaurants and hotels" the one that registered the most increases with 4.8% per month, "Health" + 3.8% and in third place "Food and non-alcoholic beverages ”with a rise of 3.4%. With regard to the accumulated for the year, the prices of food and this type of beverages have increased 30.7%, being 1.6 percentage points above general inflation. The highest increase in this item was in the category "Vegetables, tubers and legumes", which in the month of July increased 9.5% compared to what was measured in June, followed by far by "Milk, dairy products and eggs "Which marked a monthly rise of 4.7% and" Oils, fats and lard "registering an increase of 4.5%. Undoubtedly, and taking ...

Source: ARInfocampo