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Argentina's June official Indec inflation, 1% and 15% in twelve months

Thursday, July 16th 2015 - 08:05 UTC
Full article 6 comments
The Congress index released on Tuesday showed the CPI was up 1.53% and 27.9% in the last twelve months. The Congress index released on Tuesday showed the CPI was up 1.53% and 27.9% in the last twelve months.

Argentina's 'official' inflation during June was 1% over the previous month according to the National Statistics and Census Institute, Indec, while prices during the current calendar year prices have reached 6.7% and 15% over the last twelve months.

 The figure is below that claimed by the Argentine opposition in its IPC-Congress index. The statistics drawn up by private consultants and released on Tuesday asserted an inflation rate of 1.53% for June, with annual inflation at 27.9%, almost double the Indec estimate.

In June, a rise in cigarette prices of 10% pushed figures in the 'Other goods and services' category, which climbed 3.2%. 'Leisure' was also among the highest-risers, with a growth of 1.7% pushed by raises in tourism and long-distance transport prices.

Food and drink rates, meanwhile, increased under the overall average with a growth of 0.5%. Housing and basic services as well as Education also recorded 0.5%, while Healthcare was up 1.2%, following the government's authorization to increase the price of pharmaceuticals.

The June CPI rate is in line with this year's performance in the previous five months, March, 1.3%; May, 1%; April and January, 1.1% and February, 0.9%.

Based on these percentages the Cristina Fernandez administration is confident that 2015 inflation will be in the range of 15%.

However July could see an increase in inflation since it's the month of winter holidays in Argentina and seasonal services linked to tourism, leisure and transport, are expected to climb.


Categories: Economy, Politics, Argentina.

Top Comments

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  • Mendoza Canadian


    Jul 16th, 2015 - 12:48 pm 0
  • chronic

    Liar, liar - pants on fire. LOL.

    Jul 16th, 2015 - 02:27 pm 0
  • Optimus_Princeps

    Even 15% inflation is unacceptable. Countries with that type of inflation include Iran, Ukraine, and Syria. That's not good company to be in. Unfortunately, Argentina's inflation is usually slightly more than double. Closer to Belarus. Likewise, not good company.

    Jul 16th, 2015 - 03:43 pm 0
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