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[BUSINESS] · Argentina · 100 sources

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Argentina inflation rises to 2.1% in July

Argentina's monthly inflation rate rose to 2.1% in July, according to INDEC, marking an acceleration from the 1.9% recorded in June. This figure brings the year-to-date inflation to 19.3% and the annual rate to 33.8%. The increase was largely driven by the 'Recreation and Culture' sector, which saw a 5.0% rise due to winter holiday spending, and 'Restaurants and Hotels' at 2.8%. Conversely, 'Clothing and Footwear' saw a decrease of 1.3%.

This inflation data will directly impact social security payments. ANSES will apply a 2.1% increase to pensions, social benefits, and the Universal Child Allowance (AUH) in September, following the established mobility formula. For example, the AUH is expected to rise from $150,848 to $154,031.

Regarding the cost of living, a typical family of four required $1,564,716 per month to avoid falling below the poverty line. To avoid indigence, the same family required $708,016 for the Food Basic Basket (CBA), which rose by 2.6% in July. Economists note that while the government aims for disinflation, the process remains slow and subject to seasonal fluctuations.

Entities

Anses · Argentina · Banco Central de la República Argentina · INDEC · Luis Caputo · Ministry of Economy · Santiago Casas

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No hay Economía sin “crédito” [asiesnuestravida.com.ar]