Argentina's Consumer Price Index Rose In May, And Clothing Prices Also Rose.

Consumers announced by the Argentina National Bureau of Statistics (INDEC) in May

An increase of 0.8% is mainly due to the increase in education fees, medical expenses and clothing expenses.

In terms of government planning, the growth rate of inflation in the whole year is 9.9%, which is still less than half of the private sector's statistical value.

The growth rate of private sector expansion in May was 1.71%, and it was estimated to grow by 23.85% by the end of the year.

Argentina Clothing

Official data show that education expenditure rose 2.5% in May, due to higher tuition fees, higher prices for stationery and books.

Similar cases also occur in medical expenses.

Argentina women's wear

In addition,

The price of footwear rose by 1.2% and 1.3%, due to seasonal changes.

It is worth noting that the price of food rose by 0.92% in May, so that a couple who support two children would have to pay 674.42 pesos (about $152) a month for food expenses before they could get out of poverty line.

In terms of basic expenditure, a total increase of 1.14%, so the same family needs to pay 1491.45 pesos (about US $335) in food, pportation and clothing to get out of poverty line.

A shopping center in Argentina