By reduction of prepaid fees and the prices of the fruits for seasonal reasonsMay inflation in the City of Buenos Aires was lower than private estimates: recorded an increase of 4.4%accumulating an increase of 80.2% in the first five months of the year and 280.9% year-on-year.
It is a strong drop if one considers that in April the inflation measured by the Buenos Aires INDEC had reached 9.8%, almost double.
During May, the variation of the IPCBA (Consumer Price Index) responded fundamentally to the increases in Food and non-alcoholic beverages, Housing, water, electricity, gas and other fuels, Restaurants and hotels, Transportation and Information and communication, which together contributed 3.41 points to the increase in the general level, according to the Directorate of Statistics and Censuses of the City of Buenos Aires.
By category, the increases were:
As has been happening in recent months, public and private services lead inflation. During May, Goods registered an increase of 3.8%, below Services, which increased 4.8%. And in the first five months of the year, Goods accumulated an increase of 67.9% and Services of 90.6%.
During May “the behavior of Services mainly reflected the increases in the prices of restaurants, bars and food houses and in rents. To a lesser extent, updates in the values of common housing expenses, fees for formal education establishments and subway fares stood out, along with increases in the remuneration of domestic service and in subscriptions. of grouped communication services.”
On the contrary, the falls in prepaid medicine fees contributed to attenuate the increase in the item and average inflation.
