Consumer inflation in November was 1.4 percent according to the INDEC

Consumption in the month of April in shopping centers and supermarkets dropped by 8.7 and 1.7 percent respectively, compared to the same month of last year. These figures mean that this sector of the economy definitely was not a factor that pushed the economy to grow by 0.3 percent in the first quarter of 2017.

The report goes on to indicate that supermarkets billed 24.5 percent more than the same month of last year, but considering that during the twelve months in between them the inflation rate increased by 27.5 percent, the balance is negative.

The different sectors comprising the shopping centers, on their end, had different performances. Some like recreation and the food courts increased their billing by 46.4 and 39.6 percent, respectively, this beating inflation. This was not the case of bookstores and household appliances, among others, as their billing increased by 25.8 and 20.6 percent respectively.

The report also pointed out that its Consumer Confidence Index registered this month a 8.1 percent drop compared to last month’s, meaning that consumers got less optimistic about the national economy and their personal finances.