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NEWS

Argentina´s INDEC reports a 12.4 percent of inflation

Buenos Aires, Sep 13 (Prensa Latina) Argentina’s National Institute of Statistics and Censuses (INDEC) reported on Wednesday that the general domestic level of the Consumer Price Index rose to 12.4 % in August.

Such figure nearly doubles that registered in July (6.3%) revealing an upward trend.

The INDEC reported that the inter-annual growth was 124.4% and the sector with the highest increase was food and non-alcoholic beverages (15.6%).

In second position was health (15.3%), mainly due to the rise in the cost of medicines, home equipment and maintenance (14.1%).

The two divisions that registered the lowest variations were communication (4.5%) and alcoholic beverages and tobacco (8.5%).

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