Inflation in September was 3.5% and accumulates 37% so far this year

Thursday, October 14, 2021 | 16: 11hs.

The consumer price index (CPI-Cost of Living) registered an increase of 3.5% in September, one percentage point more than the 2.5% registered last August, the National Institute of Statistics and Censuses (Indec) reported today.

With this rise, retail inflation in the first nine months of the year accumulated an increase of 37% and in the last 12 months an advance of 52.5%.

The latest Indec survey, which was released two days after the PASO, showed that the retail price index fell for the fifth consecutive month in August: it rose 2.5% compared to the previous month, the lowest level so far this year .

The number reported this Thursday exceeds the forecasts of economists, who expected inflation in September to be below 3%, resuming the upward trend, given that the expected increases in prepaid medicine (monthly installments of 9%) and in the expenses, by the increase of the managers.

“The division with the highest increase in the month was Clothing and footwear (6.0%), followed by Alcoholic beverages and tobacco (5.9%), where the rise in cigarettes was mainly affected. Health (4.3%) , driven largely by the rise in Prepaid Expenses, was the third division with the highest increase of the month “, details the report released this Thursday.

And he adds: “The increase in the Food and non-alcoholic beverages division (2.9%) was the one with the highest incidence in all regions. The increase was mainly explained by the increase in Fruits; Vegetables, tubers and legumes; Sugar, sweets , chocolate, sweets, etc .; Coffee, tea, yerba and cocoa; and Milk, dairy products and eggs “.

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