The national Consumer Price Index (CPI) rose 4.9% in November and thus marked a sharp slowdown compared to the 6.3% registered in October, reported today the National Institute of Statistics and Censuses (Indec).
In this way, the CPI accumulated in the first eleven months of the year an increase of 85.3% and between November of this year and the same month of 2021, it accumulated an increase of 92.4%, added the INDEC report.
After the CPI was released, sources from the economic portfolio indicated that this 4.9% is confirmation of a gradual process of inflationary reduction, which, although it may have some uneven months, is expected to set a trend during the first four-month period of 2023. .
In this sense, the impact of some of the price policies and agreements that have been implemented from the Palacio de Hacienda that would have allowed, for example, that the food segment is the one with the lowest growth of the 12 items that uses the INDEC methodology.
The division with the highest increase in the month was Housing, water, electricity, gas and other fuels (8.7%), within which the increase in electricity and gas services stood out as a result of the segmentation of rates throughout the country.
In this subsidy rearrangement scheme, the impact was also felt specifically in Greater Buenos Aires (GBA), where the increase in water was also added due to segmentation.
Next in importance in November were the Communications category (6.4%), which was mainly affected by the rise in telephone and internet services, and Alcoholic beverages and tobacco (6.3%), whose greatest impact was due to the increase in cigarettes
Also above the general level of 4.9% were Transport (6.1%), Miscellaneous goods and services (5.8%), Restaurants and hotels (5.5%)and finally home equipment and maintenance (5.4%).
Some items that slowed down more compared to the previous month
Below this general level for the month were Clothing and footwear (4.5%), Recreation and culture (4.2%), Health (4.1%), Education (3.8%) and Food and beverages non-alcoholic (3.5%).
The latter was, however, the one with the highest incidence in almost all regions, due to its weight within the general index.
The increase in Fruits stood out within the food division; Mineral waters, soft drinks and juices; and Bread and cereals; while Vegetables, tubers and legumes registered a drop in most regions.
At the category level, Regulated prices led the monthly rise (6.2%), explained, in part, by the increases in electricity, gas and water services, followed by the Core CPI (4.8%) and, in last place, the so-called Seasonal (4.1%).
The CPI for November is the lowest since the 4.7% registered in February
In this way, throughout the first eleven months of the year, with a general average price increase of 85.3%, seasonal ones increased 123.7%; regulated services increased 76.6% and the core CPI advanced 81.1%.
Although the private consultancies estimated a lower rise in the price level compared to October, with estimates just below 6%, the INDEC data reflected a downward difference of 1.4 percentage points, much more than what was expected by the market.
The CPI by region
By region, the area delimited by the Federal Capital and Greater Buenos Aires (GBA) ranked as the one with the highest increase (5.5%), followed by the Pampeana, Cuyo and Patagonia regions, which remained identical to the general level (4.9%), while the Northwest (4. 6%) and Northwest (4.5%).
In the annual progression, the CPI for November is the lowest since the 4.7% registered in February, with increases since then reaching a peak of 7.4% in July, then beginning a progressive downward trend.
With regard specifically to the food in the GBA -the largest urban conglomerate in the country-, the price of Bread and cereals rose 5.9% in November, Milk, dairy products and eggs 5.6%, and Sugar, sweets, chocolate, sweets, had an increase of 4, 6%
While, Meats and derivatives registered increases of 0.9%, Oils, fats and butter 0.6%, Fruits 13.5% while Vegetables, tubers and legumes had a drop of 6.1%.
