Due to the lower increase in meat
prices
, and due to seasonal reasons in the
clothing, education and tourism sectors,
during February the Consumer Price Index of the City of Buenos Aires registered an increase of 14.1%.
It is the first official inflation data for February.
With this increase, the CABA CPI accumulates
an increase of 38.9% in the first two months of the year
and an interannual variation of 264.5% (26 percentage points above the previous month), according to the Buenos Aires Department of Statistics and Censuses .
This jump in the interannual variation is explained because
in February 2023, Buenos Aires inflation had been 6%.
In the last 3 months, the inflation trajectory in CABA was 21.1% in December, 21.7% in January and 14.1% in February: cumulatively it is 68.2%.
The inflationary slowdown responds largely to seasonal factors whose prices averaged an increase of just 2.4%, such as declines in air tickets (-18.9%), hotel accommodation (-7%) and vacation packages (-1 .3%) and below-average increases in clothing (+10.3%), footwear (+8.4%), and education (+9.4%).
Despite these smaller seasonal increases and declines, inflation reached 14.1% because regulated prices increased 26.5%.
The adjustments in the
prepaid medicine fees
(+28%), in the value of the
passenger transport
ticket (+32.3%), in the residential rates for
electricity
service (+83.7%) and in
fuel
prices
for vehicles for household use.
“Thus, this group accelerated its year-on-year increase rate to 265.6% (+62.2 percentage points.) The Insurance category increased by 30.7%.
By chapters, the variations were:
Food and non-alcoholic beverages
increased 14.7%.
The main impulses came from Bread and cereals (16.4%), Milk, dairy products and eggs (17.1%) and Meat and derivatives (7.9%).•
Transportation
averaged an increase of 21%.
Next in importance were increases in the prices of automobiles and fuels and lubricants for vehicles used in the home.
On the contrary, the falls in air ticket prices contributed to slowing the division's rise.
Housing, water, electricity, gas
and other fuels registered an increase of 13.2%, mainly impacted by increases in residential electricity service rates and rental values.
Health
rose 21.1%, due to adjustments in prepaid medicine fees.
Information and communication increased 19.4%, mainly due to increases in rates for mobile telephone and communication services.