Thursday, February 9, 2017

The increases of Consumer Prices in January were 1.2% – Journal One

During January, the measurement of the Direction of Statistics and Economic Research of Mendoza (DEIE) found that the rate of inflation stood at 1.2% in its overall level, with a total of 21.9% in 9 months.


The item that led to the incidence in the general level it was Food and Drinks, followed by Health Care and Health, in the same proportion as Transport and Communications.

The variation of prices in the chapter Food and Drinks was 1.2% compared to the previous month, “underpinned by the increase in baking in general, meats and dairy products,” said Facundo Biffi, owner of the distribution.

In the detail specified that the cold cuts were up an average of 2%, dairy products are positioned on a scale from 2% to 6%, and noodles, and coffee are, the more they went up, marking an increase of 14% and 10%, respectively.

In terms of fruits and vegetables, there were seasonal increases in the price of citrus and the pope, and falls in the prices of the tomato, the corn and the eggplant.

The 2.6% increase that marked the field of Medical Care and Health Expenses, was given by growth of between 3% and 5% of the price of medicines and 5% on some professional services.

The growth in the price of gasoline/fuels, and the cell phone service had a bearing on the rise in the chapter Transport and Communications, whose rate marked a 1.4%. Another category that saw increases, but less, is Housing and Basic Services, pushed by a slight rise in rents.

Meanwhile, Apparel continues the trend of regression, marking a decrease of half a point, mainly by the exodus of shoppers to Chile,” said Biffi.

The official estimated that “the measurement of February would be significantly higher due to impact of the already announced increases in the rates of electric, cigarettes, bread, and the bus ticket”.

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