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Argentina´s inflation ramped up 6.3 percent in July

Buenos Aires, Aug 15 (Prensa Latina) Argentina’s National Institute of Statistics and Censuses (INDEC) issued on Tuesday that the general level of the Consumer Price Index reported a 6.3% inflation in July.

Such a figure is 0.3% higher than that registered in June, a month in which it was equal to that of January and a downturn was informed with respect to February, March, April and May.

According to INDEC, the inter-annual growth was 113.4% and the sector with the highest increase was communications (12.2%) due to the rise in telephone and Internet services.

Likewise, recreation and culture (11.2%), alcoholic beverages and tobacco (9%) figures unfolded a remarkable growth.

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