Life got 1.4 percent more expensive for consumers in November compared to the previous month, with transport, non-alcoholic drinks and food restaurants taking the top three for items making the cost of life increase.
The numbers, published by the INDEC statistics bureau today show that inflation so far this year has now reached a cumulative 21 percent. Compared to November 2016, the inflation rate for Greater Buenos Aires was 22.3 percent.
The Central Bank set a target of 17 percent inflation in 2017. Even if that target will clearly not be met, the rate of 1.4 percent for November is nonetheless lower than the 1.5 percent average reported for the previous month.
Getting around cost on average three percent more in November than in October, food and drinks were up by 1.2 percent and eating cost 1.8 percent more. So far this year housing and household bills are up 32 percent, non-alcoholic food and drinks are up 19.6 percent and clothing costs 15 percent ore than it did in December 2016. Just under a quarter of the cost of goods and services that are included in the consumer price index is based on prices for non-alcoholic food and drinks.