Inflation Is Falling, But Argentines 'Are Not Yet Better Off': Milei's Gamble Under Fire

[earlyretirement]

The inflation rate in the City of Buenos Aires (CABA) was 3.1% in January, according to the Buenos Aires City Consumer Price Index (IPCBA).

Over the past 12 months, it accumulated a rate of 100.6%, and it decreased sharply for the second consecutive month, having come from 136.7% in December to nearly 180% in November.

This reduction in year-over-year inflation represents a significant slowdown in the pace of price increases, influenced by various sectors of the consumer basket.

The sectors that contributed most to inflation in January were:

Housing, water, electricity, gas, and other fuels, Food and non-alcoholic beverages, Restaurants and hotels, and Transportation.

Regarding the monthly variation, restaurants and hotels recorded a 6.0% increase in January, while goods and services in general rose by 1.4% and 4.3%, respectively. This dynamic reflects a trend toward price stabilization in some sectors, although inflation remains a significant economic challenge in the region.

 

[Larry]

I'm glad to hear that Uber prices in BA have doubled. They were absurdly cheap five months ago, almost felt like I was stealing from them.

Never understand people cheering on price increasing doubling. I don't understand it. Maybe you have a lot of $$$ but everyone locally that depends on affordable transportation is paying the price of high prices.

restaurants and hotels recorded a 6.0% increase in January,

I told you that prices at restaurants keep going up. 6% increase in January alone. That is disturbing on top of already high prices.

 

[BuySellBA]

I told you that prices at restaurants keep going up. 6% increase in January alone. That is disturbing on top of already high prices.

You are correct @Larry that restaurant inflation is still continuing upwards. Several categories are still very high.