The National Institute of Statistics and Censuses of the Nation (Indec) released this Thursday the new Consumer Price Index (CPI) for the month of July and reported a rate of inflation 7.4% net. The figure represents a rise of 2.1% compared to last June, when the monthly CPI was 5.3%.
In the case of price increases accumulated in the first 7 months of the year, the Indec reported that the index stood at 46.2%, so the figure for inflation year-on-year (of the last 12 months of the year) climbed to 71% percent.
Now, according to the Indec balance, the inflationary mark of July was the highest registered in the country in the first 7 months of 2022given that it surpassed by 0.7 percentage points the record for inflation for the month of March, which was 6.7%.
In addition, it is the second highest inflation curve in the last 20 years, when the country put an end to the convertibility plan that eliminated inflation for a decade. Until now, the highest monthly CPI was recorded in April 2002, with 10.4%, reported the Télam agency.
What were the items most affected by inflation in July
The item that presented the greatest increase in the month was Recreation and culture, with 13.2%. According to the Institute of Statistics and Censuses, I climbed it for these areas it is related to “services associated with tourism during the winter break”.
In this order, it is followed by the category of Home equipment and maintenance, with an increase of 10.3%. While Restaurants and hotel services rose by 9.8% in July, the latter was also associated with the winter holidays.
- Clothing and footwear (+8.5%)
- Miscellaneous goods and services (+8.1%)
- Health and prepaid (+6.8%)
- Alcoholic beverages and tobacco (+6.4%)
- Education (+6.1%)
- Food and non-alcoholic beverages (+6.0%)
- Communication (+5.5%)
- Transportation (+5.5%)
- Housing, various services and fuel (+4.6%)
