Household consumption increased 16.1% in August, according to the firm Raddar, reporting that it reached $76.4 billion in that month.
For the accumulated of the last 12 months the amount rose to $899.3 billion.
The increase that is registered, according to the firm, is explained by the increase in employment, inflation and remittances.
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“Households had a monthly inflation of 1.02% and 10.83% compared to last year, atypical data in the observations of the last 20 years; This caused household spending in real terms to grow -14.3% compared to the previous month and 4.8% compared to the same month last year (which grew at a rate of 6.65% per year).”, says the report.
In fact, one of the conclusions is that despite the fact that inflation is high, there is still there are no signs of a drop in household spending. This, he concludes, “may show that we are going to slow down gently in the coming months,” he reviews.
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“Among the baskets that presented a greater contribution to spending, we found meals outside the home, entertainment and transportation, which may be related to a greater influx of consumers on the streets.s,” said Samir Campo, president of Raddar.
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