May inflation was 4.2% and accumulated 71.9% in the first five months of 2024INDEC reported this Thursday. The monthly variation shows a slowdown of 4.6 points compared to April, when it had been 8.8%.
In this way, the CPI gave the lowest figure since January 2022.
In this way, the downward trend continued after the 25.5% in December, 20.6% in January, 13.2% in February, 11% in March and 8.8% in April.
On the other hand, the year-on-year inflation of 276.4% is the first to decrease compared to the previous month since July 2023.
Variations by category at the national level
The division with the greatest increase in the month was Communication (8.2%), due to increases in telephone and internet services. They followed Education (7.6%)due to increases in inputs and fees at all educational levels. Alcoholic beverages and tobacco (6.7%) due to the rise in cigarettes.
For its part, the division with the highest incidence in all regions was food and non-alcoholic beverages (4.8%), where the increases in vegetables, tubers and legumes stood out; milk, dairy products and eggs; and oils, fats and butter.
The two divisions that registered The smallest variations in May were Health (0.7%), due to decreases in prepaid medicine fees, and Housing, water, electricity and other fuels (2.5%)..
What are the rates in Mendoza?
The Consumer Price Index in Mendoza reached 4.4% in May. In five months of this year, the accumulated inflation it’s already 64%while the interannual price difference reached 270.5%. The items that increased the most were mainly Transportation and Communications, followed by Leisure and Education.
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