According to Argentina's stats office Indec, consumer prices during the month of August climbed 1.2% over July, 9.4% in the eight months and 14.7% in the last twelve months. These numbers however are quite different from private consultants' estimates and the City of Buenos Aires stats office: 2.17% and 1.8% inflation for August, respectively.
The City of Buenos Aires stats office admits that prices are on a down-slide tendency, with eight months inflation at 15.95%, and 28.2% in the last twelve months.
With the exception of clothing and footwear, which were down 0.2%, all other items, particularly Food and beverage; healthcare; education, household maintenance and equipment increased.
The private consultants estimate, which is released by opposition members of the Argentine congress shows that the 2.17% August increase was made up of Education, 3.3%; Food and Beverage, 2.2% and Healthcare, 1.5%. The last twelve months inflation stands at 26.6%.
Indec said that wholesale prices were up 1.4% during August, which represents 8.1% in the eight months and 13.3% in the last twelve months.
Finally regarding construction costs, they were up 4.6% in August, 19.2% so far this year and 23% year to year.