The inflation of April it was of 1.5% and thus marked a slowdown compared to 3.3% who had registered in March, reported this Thursday the Indec.

In this way, as envisaged by private consultants, during the quarantine the rate of price increases fell, in the middle of the stop in the economic activity. The 1.5% April is the lowest figure since November 2017, when it had been 1.4%.

In the first four months of the year the price increase was 9.4% and considering the last twelve months, the interannual CPI amounted to 45.6%. It is the fourth consecutive month of deceleration of this measurement from the peak of 53.8% in December.

Indec reported that due to quarantine, it had to change its methods of collecting price information. He suspended the face-to-face surveys and replaced them with phone calls, email and online control according to international recommendations, explained the body that conducts Marco Lavagna.

Inflation item by item

Despite the price freeze ordered by the Government at the start of the quarantine, the values ​​of the food and drinks They went back up above the average, as they had an increase of 3.2% according to the statistical agency.

In this item, Indec registered pronounced increases in different cuts of meat such as shoulder (8.9%), rump (6.1%) and minced meat (5.8%). Hake filet was up 9.5% and cream cheese 9.2%. Among seasonal products, the kilo of orange rose 57.2%, the onion 31.6%, the sweet potato 17.2% and the potato 11.6%.

It was in second place -in spite of being one of the sectors hardest hit by the quarantine- Recreation and culture, with 2.3%.

Clothing and footwear and Restaurants and hotels they had an increase of 1.5%, although Indec clarified that as these sectors practically did not have activity due to force majeure, this figure is only representative of the general level of prices. That way, avoided “distortion” that would generate in the CPI that two items have null value variation.

Further back they were Alcoholic beverages and tobacco (1.4%), Transportation (1.3%), Home equipment and maintenance and Health (1.2%) and Miscellaneous Goods and Services (0.2%). Education and Communication, meanwhile, had deflation of 1.5% and 4.1%, respectively.


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