The National Institute of Statistics and Censuses (INDEC) published the inflation for July, which was almost as high as most specialists predicted: 7.4% in the seventh month of the year; the year-on-year rise in prices of 71% and that accumulated so far this year, 46.2%.

The agency indicated that “The division that presented the highest increase in the month was Recreation and culture (13.2%), explained in part by the increases in services associated with tourism during the winter break. It was followed by increases in Equipment and maintenance of the home (10.3%) and in Restaurants and hotels (9.8%), the latter also included in the framework of the winter break”.

What is the category of “Food and non-alcoholic beverages (6.0%)” represented “the highest incidence in all regions. Within the division, the increase in Sugar, sweets, chocolate, sweets, etc.; Oils , fats and butter; Fruits; Vegetables, tubers and legumes; and Milk, dairy products and eggs”.

In addition, during July the increases in cigarettes stood out, in the Alcoholic beverages and tobacco division (6.4%); of water and electricity services in some regions of the country, which had an impact on Housing, water, electricity, gas and other fuels (4.6%); of the share of prepaid medicine in the Health division (6.8%); of telephone and internet connection services, in Communication (5.5%); and of educational services at all levels, in Education (6.1%).

The July index is the highest of the year: it is followed by March, which registered an inflation of 6.7%. The month with the least increase in prices was January, which showed a variation of 3.9% with respect to the previous month.

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