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March 4, 2022
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Inflation rises again and stands at 8.85% year-on-year

Inflation rises again and stands at 8.85% year-on-year


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The National Institute of Statistics (INE) reported that the CPI for February registered an accumulated variation in the last 12 months of 8.85%.

Thus, the inflation rate is the highest in the last 12 months, and is outside the government’s target range.

In January, the interannual variation (of the last 12 months) had been 8.15%.

Variations

The variations by items are as follows:

Food and non-alcoholic beverages: 3.18%

Bread and cereals: 1.41%. The increases in flute bread (2.01%), crackers (2.07%) and noodles (2.65%) stand out. Meat: 1.81%. It is explained by the increase in the prices of buttock (2.03%), minced meat (2.75%), strip roast (2.00%), shoulder (3.24%), needle (3.49%) , skirt (2.98%), round rib (2.23%), whole chicken (1.16%), whole fresh fish (5.76%) and fish steaks (2.23%). Milk, eggs and cheese: 2.20%. The increase in the price of eggs stands out (12.27%). Fruits: 1.47%. It is explained by the increase in peach prices (12.20%); and decrease in the price of apple (-1.94%) and pear (-10.86%). Legumes and vegetables: 20.68%. It is explained by the increase in the prices of chard (34.64%), spinach (20.82%), lettuce (39.71%), tomato (64.78%), carrot (19.32%), onion ( 14.76%), pumpkin (44.22%), bell pepper (27.06%) and potato (2.99%).

Housing: 0.69%

It is explained by increases in the prices of rental of main residence (0.36%), sanitation and sewage (1.97%) and supergas (5.34%).

Transportation: 0.64%

The increases in the prices of Nafta (4.25%), diesel (6.00%), taxi (4.70%), and decrease in the price of plane tickets (-5.55%) stand out.

Education: 3.91%

It is explained by the increase in the prices of preschool education (4.78%), primary education (4.75%), secondary education (4.46%), university education (4.89%), and languages ​​(2.97 %).



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