Inflation in the city of Buenos Aires was 6% in February and has accumulated 103.1% over the past 12 months

In February, the consumer price index of the city of Buenos Aires (IPCBA) reached 6%, thus accumulating over the first two months of the year an increase of 13.7% and recording an interannual variation of 103 .1%.

This change in the IPCBA is mainly explained by increases in the following divisions: Housing, water, electricity, gas and other fuels, Food and non-alcoholic beverages, Restaurants and hotels, Health and Leisure and culturewhich together explain 76.6% of the increase in the general level.

o Housing, water, electricity and gas recorded a variation of 8.5% compared to the previous month, due to adjustments in the values ​​of common housing charges and rents. Next come increases in the residential rate for electricity service. This item recorded an interannual variation of 113.6%.

o Food and non-alcoholic beverages recorded an average increase of 7.7%. The main increase came from Meat and derivatives (15.2%). To a lesser extent, the increases in Bread and cereals (5.7%), Milk, dairy products (6.3%) and Fruits (11.3%) stood out. This item recorded an interannual variation of 104.4%.

o Restaurants and hotels posted an average increase of 5.9%, due to higher prices for prepared foods in restaurants, bars and eateries. This item recorded an interannual variation of 120.8%.

o Health showed a change from the previous month of 6.8% due to increases in prepaid drug costs and adjustments to drug values. This item recorded an interannual variation of 99.5%.

o Recreation and culture recorded an increase of 8.7%, due to higher prices for tourist packages and recreational and sports services. This item recorded an interannual variation of 104%.

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