Inflationary Spike: July's CPI Climbed to 2.1% Due to Tourism
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7 Articles
- Argentina's CPI rebounded in July to 33.8% year-on-year and 2.1% monthly ...
Argentina’s Consumer Price Index (CPI) was 33.8% year-on-year in July, an increase of three tenths over [...]
The INDEC index broke a three-month downward trend, driven by winter vacations. In the first seven months of the year, it has accumulated a 19.3% increase. The National Institute of Statistics and Censuses (INDEC) reported that the Consumer Price Index (CPI) for July stood at 2.1%. This figure represents an increase of 0.2 percentage points compared to June and breaks a trend of three consecutive declines, once again surpassing the 2% mark. In c…
The tourism sector has seen the price growth moderated in July with a 0.9% increase over the same month last year, as published by the National Institute of Statistics (INE) on Thursday. With respect to June, prices have contracted by 1.5%, and since January, the increase stands at 4.27%. @C1@By subgroups, accommodation services are the most expensive (8.1%), followed by tourist packages (0.2%). Passenger transport has remained at the same level…
The National CPI interrupted the deinflation dynamics that it had shown in the last three months and, on the contrary, accelerated during July, marking a rise of 2.1%. In addition, the year-on-year marked a quarter with upward dynamics and reached 33.8%. The numbers did not show signs that the dynamics had changed, but rather pointed out that the inflationary inertia continues to place nominality at a level insistently around 2% per month. In th…
The CPI rose 2.1% in July, cut three months of slowdown and remained just above expectations. Food, tourism and regulated services pushed the data, while Caputo insisted that the decline will continue in the coming months.
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