
Inflation in Córdoba: which sectors drove the June CPI in the province
The index was 2.2% in the province, with public transportation as the main driver of the monthly increase
Inflation in Córdoba province was 2.2% in June, according to official data from Provincial Statistics. The increase was mainly driven by the Transportation and Communications sector, which recorded a 7.7% rise. The "public transportation" item had a notable increase of 24.3%, accounting for a large part of the overall rise.
Regulated goods and services rose 5.9% during June, according to the official report. These items accounted for 1.5 points of the total increase in Córdoba's CPI. Meanwhile, seasonal goods and services fell by 3% in the same period.
The rest of the products that make up the basket showed an average increase of 1.2%. Food at home showed no variation in June, remaining at 0%. Alcoholic beverages rose 1% and non-alcoholic beverages 1.5%, while vegetables fell 4%.

Comparison with national inflation and other sectors
At the national level, inflation measured by the INDEC was 1.6% during June.The figure marked two consecutive months below 2%, a trend not seen since 2017. Core inflation was 1.7%, while goods registered a variation of 0.8%.
The Services sector also showed increases in the province, with rises of 2.5% in electricity rates and 2.9% in water service. In contrast, clothing fell by 0.9% and footwear increased by just 0.5%. These values show a wide dispersion among the different components of the index.
The Minister of Economy, Luis Caputo, highlighted that the variation in food and beverages was just 0.6% at the national level. According to the official, this is the lowest percentage since May 2020. This decrease contributed to the drop in the general CPI, at least in the national average.

Projections for July and general context
For the first half of July, private consulting firms estimate inflation between 1.5% and 2% at the national level. An impact from seasonal prices linked to the winter break is expected. In addition, increases in regulated services such as prepaid health plans, rates, and fuels will be added.
In Córdoba, the increase in gasoline was 3.5% and electricity rose 1.8%, although the latter impact will be reflected the following month. The consulting firm EcoGo forecasts a monthly inflation of 1.8% for July, while Equilibra projects a rise of 2%. The national government keeps its expectation of closing the year with a 23% increase.
The year-on-year increase in the CPI was 39.4% in June, a figure significantly lower than the 79.8% recorded in June 2023. The deceleration of the general price level is thanks to the stabilization plan. However, differences between regions show that the effects are not homogeneous throughout the country.
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