Consumer prices in Buenos Aires City rose 1.6 percent in May, lower than the expectations of most analysts and a slowdown from the previous month.
The news will be welcomed by President Javier Milei’s national government, which is awaiting the publishing of the INDEC national statistics bureau’s national figure later this week.
According to data from the Buenos Aires City Statistics Office, prices in the capital were up 1.6 percent, down from the 2.3 percent recorded in April. Most private consultancy firms expected a rate of around two percent.
Inflation so far this year in the capital totals 12.9 percent – a massive drop on the 48.3 percent recorded over the same period in 2024.
Rent and housing services were up 2.1 percent last month, contributing 0.41 points to the total index. Once again, healthcare had a strong impact, rising 2.9 percent. Education averaged 2.4 percent.
Food prices rose 1.2 percent, contributing 0.21 points to the overall monthly figure for May.
Within this division, the main drivers were meat and meat-related products (1.7 percent), bread and cereals (2.1 percent) and milk, dairy products and eggs (2.1 percent). At the other end of the scale, sharp declines in vegetables and legumes (down 4.9 percent) were seen.
The Information and communications category rose 3.8 percent, amid rises in mobile phone prices and services.
Goods overall were up 0.8 percent, with services rising two percent. Seasonal prices fell by 3.6 percent, while regulated prices rose 1.7 percent.
– TIMES/NA
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