City inflation data shows consumer prices rose 2.6% in February

Consumer prices in Buenos Aires City rose 2.6 percent last month, a deceleration from January, according to City Hall data.

Residents in the capital have seen prices rise 5.7 percent so far this year and by 32.4 percent over the last 12 months. 

Housing-related expenses recorded the biggest increase of 5.9 percent, followed by financial services, which rose five percent. 

Food prices were up 2.9 percent last month, 0.3 points above average. The hikes were driven by meat and meat-related products, which surged 7.3 percent. However, fruit and vegetables declined 2.1 percent and 1.1 percent respectively.

Other notable increases were seen in household equipment (up 3.1 percent), health (three percent), information and communication (2.4 percent) and personal care items (2.3 percent).

Education rose 1.7 percent and restaurants and hotels 1.5 percent, below the average.

Seasonal prices fell 6.5 percent, while regulated prices (utility and transport tariffs) rose 4.5 percent.

– TIMES/AFP