The National Institute of Statistics and Censuses (INDEC) reported this Friday that Inflation for the month of April 2023 was , more than one point above the 8.8% in March. According to official data, the data represents an accumulated year-on-year is 108.8%. In this way, the upward trend of the price index that started in the last month of 2022 is confirmed, and the values that are much higher than those expected by the government.
With the known number for April, Inflation in the first quarter of the year reaches 32%.
The division with the highest increase in the month was Clothing and Footwear (10.8%) due to seasonal changes. It was followed by Food and non-alcoholic beverages (10.1%), with the highest increases in vegetables, tubers and legumes; Milk,
dairy products and eggs; Sugar, sweets, chocolates, candies, etc. and Meats and derivatives.
The increases in the Restaurants and hotels divisions (9.9%) were also notable; and Home equipment and maintenance (8.6%).
The increase in Food and non-alcoholic beverages (10.1%) had the greatest impact in all regions. Within the division, the rise in Meat and derivatives, and in Vegetables, tubers and legumes, was impacted, followed by Milk, products
dairy and eggs; and finally Bread and Cereals.
On the other hand, the two divisions with the lowest variation in April were Education (5.0%) and Alcoholic beverages and tobacco (3.8%).
At the category level, Seasonal led the increase (12.6%) followed by the Core CPI (8.4%); while the Regulated registered an increase of 4.9%.
Finally, it was reported that in April 2023, Greater Buenos Aires was the region with the highest monthly increase (8.6%), followed by the Pampas region (8.5%), both above the national average.
