In Argentina, June inflation closed at 5.3%, boosted due to the strong rise in health, housing, and beverages, reported this Thursday the National Institute of Statistics and Censuses (INDEC) when disseminating the Consumer Price Index (CPI) corresponding to the sixth month of the year. With this, inflation in the last 12 months stood at 64%.
The figure coincided with the estimates of most analysts who placed it above 5% per month, and according to the consultation made by the Central Bank (BCRA) through the Survey of Market Expectations (REM), it would close around 5.4%.
The data was key to confirm the acceleration of the rise in prices, after the indicator registered a rise of 5.1% in May.
The items with the greatest increases were Health (6.2%), Transportation (6.1%), while Clothing and footwear showed a rise of 5.8%, Hotels and restaurants grew 5.7%, the same as Alcoholic beverages and tobacco.
Thus, estimates for the entire year already place the cost of living above 70% and some are already thinking that it could reach 80%.
REM estimates placed annual inflation at 79.2%, it is a survey that the BCRA carried out between June 27 and 30, before the resignation of former Minister of Economy, Martín Guzmán.
After her inauguration, the Minister of Economy, Silvina Batakis, was consulted repeatedly about the projection of inflation for this month and the year, in the midst of a surge in financial dollars.
“It would be very unprofessional of me to risk saying today what the projection of inflation is in this unprecedented situation of global imbalance,” Batakis said.
At a press conference last Monday, he stressed that, due to Russia’s invasion of Ukraine and the rise in commodity prices, “we are in a totally different situation than a situation where one could make inflationary projections.”
Source: The Chronicler
