March inflation in Buenos Aires City, 3.6% and 37.5% in the last 12 months

Tuesday, April 8th 2014 - 07:35 UTC

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Fresh vegetables and fruit was the item with the highest incidence according to FIEL

Consumer prices in the City of Buenos Aires increased 3.6% during March compared to February according to the latest release from the economic consultants FIEL. This is the first drop this year following the increases in January and February which were above 5%.

Food and Beverage was the item with the largest incidence, having increased 4.1%. Prices of fresh vegetables and fruit had the most influence, while there was a modest decrease from some frozen produce.

“Leaving aside January and February you have to look back to 2010 to find a monthly rate above 3%. The deceleration of prices in recent weeks will anyhow have a March pull factor into April in the range of 0.6%”, points out the report.

Nevertheless in the last twelve months inflation according to FIEL reached 37.5%.

Sometime next week other market consultants will be making public their estimates for March while the official stats office Indec, should do so next 15 April.

Categories: Economy, Argentina.

Top Comments

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yankeeboy
So if fuel, electricity, insurance, food, clothes are all up 5-10% over the last month what category has gone down to make up for the HUGE increases in all the other categories?

Methinks the new Indec is just as unreliable as the old Indec

Why oh why do the people stand for it?
I am so glad I don't live there
Apr 08th, 2014 - 11:04 am 0
Mendoza Canadian
I think they are still lying and fudging the figures. Of course that is to be expected from the gang of thieves in the Casa Rosada.
Apr 08th, 2014 - 08:59 pm 0
CabezaDura2
The tariffs have gone up 500%!!

Inflation will end up at 50% this year and that is in a most optimistic Outlook asuming of the reserves of BCRA stabilizing and the gov't allowing a free currency market sometime in the future. The cuts in real terms are done via inflation as they did back in 2002.
Apr 08th, 2014 - 10:21 pm 0

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