With the publication of the inflation corresponding to December 2022 (5.1%), by the National Institute of Statistics and Censuses (INDEC), it can be known that the interannual price variation referring to the entire period 2022 amounts to 94.8%. The Government’s Fair Prices plan is coming to an end, so a significant increase in the Consumer Price Index (CPI) is expected.
The EcoGo Consulting already have a record variation in the second week of January, which is 1.2% in the price of food compared to the previous week, so when projecting it for the entire month in question, the inflation overall for groceries would be close to 4.4%. Regarding the general, the data thrown is 5.4% due to the reduction of tariffs in public services, increases reported in fares, domestic services and fuel.
For her part, the private LCG announced that in the third week of this month there was a positive price variation of 1.6% in mass consumption products such as food and beverages, with vegetables as protagonists of the rise, which reached 6.9% of inflation followed by dairy products and eggs (5.7%). The case of meat is particular, the drought forces producers to sell their cattle at low prices for fear that they will die from high temperatures. The sector had a retraction of 0.3%.
The foundation Freedom and Progress surveyed the first 15 days of the year, concluding a price increase corresponding to 0.8% from what was published by INDEC. “Consequently, the inflation of the last moving month (last four weeks) stands at 5.9%. However, taking into account the dynamics of recent weeks, January would close at 6.3%”. In this way, the three consultants announce that the decreasing curve will be reversed.
December inflation marks the rise
With the data provided by INDEC, year-on-year inflation for 2022 closed at 94.8%, the highest since 1991. The bad news for citizens seems to only get worse, misleading the projections of the Minister of Economy, Sergio Massa, who claims from his defense of the 2023 Budget in Deputies that the price variation remains with a three ahead by April 2023.
The six items that were above the general were Restaurants and Hotels (7.2%), followed closely by Alcoholic beverages (7.1%), after Home equipment and maintenance (5.9%), the sector Transportation (5.8%), Health (5.7%) and domestic services. For its part, Food and Non-alcoholic Beverages was below the general.
