Inflation in Argentina? Somewhere between 1.4% and 2.48%Staff writer ▼ | October 17, 2014
Argentina's inflation during September reached 1.4% and accumulates 19.8% in the nine months according to the latest release from the government stats office Indec.
September Interesting ways to present data
According to Indec the most influential items for September were: 'other goods and services', which was up 2.5%; health care, transport and leisure 1.5%; clothing, 1.9% and 1.1% for food. More specifically regarding 'food', beef was up 0.9%; cooking oil, 1.9%; dairy and poultry, 1.6% and fruit, 2%.
Likewise wholesale prices in September increased 1.6% over the previous month, and so far this year add up to 24.4%. The 1.6% was fueled by a 1.8% increase in Argentine goods; 1.8% in manufactured goods and 1.4% for imported goods.
In more detail, oil and gas wholesale prices were up 1.4% in September and 24.4% in nine months while fisheries increased 2.2% and 26.3%, while agriculture and livestock climbed 0.5% in the month and 30% in Jan-Sept.
As to the 'congressional index', released by the opposition members from the Freedom of Expression committee it climbed to 2.48% and 41.6% in the last twelve months.
Finally regarding construction costs, according to Indec they increased 1.1% in September adding up to 29.1% in the first nine months of the year. The index was made up of a 2% increase in materials' cost; labor, 0.6% and general services, 0.4%. ■