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June inflation in Argentina reached 1.3% and 15% in the first half of 2014

Wednesday, July 16th 2014 - 08:00 UTC
Full article 16 comments
Housing, basic services plus healthcare were the items with the highest rises Housing, basic services plus healthcare were the items with the highest rises

June inflation in Argentina reached 1.3%, accumulating 15% in the first six months of the year, according to a release from the country’s stats office Indec. The release also revealed the wholesale prices had increased 1.5% in June, while locally-made products saw rises of 1.5%.

 According to the data collected by the National Urban Consumer Price Index (IPCNu) the food and drink sector - the area which most affects those on lower incomes - registered increases of 0.8%.

Housing and Basic Services saw the largest rises, at 3.3%, followed by Medical Attention and Health Expenses with 3.1%.

The education sector was up 1.3%, while Clothing rose 1.1% and Transport and Communications, 0.7%.

The increase of 1.3% represents the fifth consecutive month since January, (when the inflation recorded was 3.7%), that the rate reported by INDEC has decreased.

In February Indec reported inflation of 3.4%; in March 2.6%; in April, 1.8% and 1.4% for May.

Categories: Economy, Politics, Argentina.

Top Comments

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  • Welsh Wizard

    I suspect that the annual rate strippi out to controlled prices will look closer to 40% yoy inflation. At this rate of decrease as per the INDEC figures, Argentina will be entering a deflationary spiral sometime aroud christmas. Not what I hear from the people on the ground. They just tell me that they can't afford anything as inflation is killing them.

    Jul 16th, 2014 - 08:49 am 0
  • yankeeboy

    There's another devaluation right around the corner. They are pumping at least $170B pesos into the economy by year end.
    Regardless of default or not this is going to get much worse before it gets any better.

    Jul 16th, 2014 - 10:59 am 0
  • SebaSvtz

    Well done Kirchner, world leaders in inflation....

    But please, keep telling us that this is all a lie, a conspiracy, etc, since everything is fair and square in Argentina´s economy.

    Jul 16th, 2014 - 12:05 pm 0
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