MercoPress. South Atlantic News Agency

Tierra del Fuego inflation in September jumped 1.2% and 25.1% in 12 months

Healthcare, food and beverage, education where the items which most increased over August

September inflation in the Argentine extreme south province of Tierra del Fuego reached 1.2% and 18,8% in the nine months of the year, and 25.1% in the last twelve months according to the provincial stats and census office.

 The September announcement is more in line with the official Indec index at national level which registered 1.2% and 14.4% in twelve months. This, in 'pocket' terms means the index in Tierra del Fuego is 74% higher than Indec's.

Inflation in Tierra del Fuego in the nine months was as follows: January, 2.8%; Feb., 1.5%; March, 1.7%; April, 2.3%; May, 2.7%; June, 1.6%; July, 1.5%; August, 2.3% and 1.2% September.

During the nineth month, Healthcare recorded an increase of 3.6%; Food and Beverage, 2.7%; Goods and Services, 2.2%; Education, 1.3%; Home maintenance and appareil, 0.7%, and Transport and Communications, 0.1%. At the other end Leisure, Footwear, Clothing, dropped between 0.1% and 0.4%.

In the nine months of 2015, Goods and Services climbed 26.7%; Healthcare, 24%; Education, 23.1%; Transport and communications, 19.7%; Leisure, 17.4%; Home maintenance and appareil, 16.1%; Clothing and Footwear, 15.9%; Food and Beverage, 14.7% and Housing, Power and Drinking water with 10.2%.

Regarding poverty and indigence, based on the cost of the Total Food Basket and the Basic Food Basket respectively, an average family of four in Tierra del Fuego needed 170 Pesos per day (approx 17 dollars) to ensure subsistence, and 596 Pesos per day (approx 60 dollars) to avoid falling into poverty. The two baskets increased 4.2% over August, 17% in nine months and 27.2% in the last twelve months, concludes the official report from the provincial stats and census office.