Highest monthly CPI from goods and services in Argentina 2024

The Consumer Price Index gauges the price changes in a basket of goods and services in a defined time period. During August 2024, the product category with the highest Consumer Price Index (CPI) increase compared with the previous month in Argentina was household, water, electricity, gas and other fuels with a seven percent increase. Followed by education with a 6.6 percent increase. Nonetheless, when compared with the previous year, communications registered the highest price increase with over 320 percent year-over-year. The expectation of inflationDespite Argentina’s efforts to reduce inflation, the country ranks in the top three Latin American countries with the highest rate, only with a lower figure than Venezuela and Suriname. The situation is not a recent one, the inflation rate has been reaching double digits every year since 2012, reaching over 50 percent in 2019, making the constant rising prices nothing out of the ordinary for Argentinian families. The expectation of inflation is one of the main causes of inflation with low central bank interest-rates and increases in the money supply, which helps to explain the chronic inflation of the country. Both firms and people expect inflation in their lives, workers demand increasing wages to coop with inflation, while companies increase prices of goods and services because they expect production costs to grow, creating a vicious circle in the economy. Inflation and povertyInflation negatively affects consumers and savers alike. For the latter, 100 Argentinian pesos in 2020 was worth just under 52 pesos in 2021, after adjusting for the 48.41 percent inflation rate. For the consumers, rising prices of the basic products increase the vulnerability of the population. In January 2023, the value of the basic food basket, which establishes the extreme poverty line, stood at 23,315 pesos, more than ten times higher than during the same month in 2018. Between the first half of 2018 and the first half of 2022, the share of households under the poverty line increased by over 8 percentage points reaching 27.7 percent.

消费者价格指数衡量在特定时间段内一篮子商品和服务的价格变动。在2024年8月，与上个月相比，阿根廷产品类别中消费者价格指数（CPI）增长最高的是家庭、水、电、燃气及其他燃料，涨幅达到百分之七。紧随其后的是教育，增长率为6.6%。然而，与去年同期相比，通信领域的价格涨幅最高，年同比增长超过320%。尽管阿根廷政府努力降低通货膨胀率，但该国仍位列拉丁美洲通货膨胀率最高的前三位国家，仅低于委内瑞拉和苏里南。这一状况并非近期才出现，自2012年以来，通货膨胀率每年都达到两位数，2019年甚至超过50%，对于阿根廷家庭而言，不断攀升的价格已成为常态。通货膨胀的预期是通货膨胀的主要原因之一，低中央银行利率和货币供应量的增加有助于解释该国长期通货膨胀的现象。企业和个人都预期生活中会出现通货膨胀，工人要求增加工资以应对通货膨胀，而公司提高商品和服务的价格，因为他们预期生产成本将增长，从而在经济学上形成一个恶性循环。通货膨胀与贫困通货膨胀对消费者和储蓄者都有负面影响。对于后者而言，2020年的100阿根廷比索在2021年经过48.41%的通货膨胀率调整后，仅值约52比索。对于消费者而言，基本产品的价格上涨增加了人口脆弱性。2023年1月，基本食品篮子的价值，该篮子确立了极端贫困线，达到了23,315比索，比2018年同期高出十倍以上。在2018年上半年至2022年上半年期间，低于贫困线的家庭比例增加了超过8个百分点，达到27.7%。