Like all events that capture public interest, be it sports results, related events, or decisions that affect people's daily lives, these memes became a priority after the surprise announcement of a sharp rise in gasoline and fuel prices at midnight Sunday.
With the typical creativity that emerged spontaneously, social media users in Argentina have multiplied their graphic and audiovisual creations, humorously mentioning the YPF showcase, and later others such as Shell and Axion have raised the average price of fuel. For the premium category, the base fee is 9.5% and the average is 11.5%.
According to the state-owned company, the adjustment was based on the evolution of the main variables that made up retail prices, especially the rise in international oil costs and demand levels before the pandemic, when imports had to compensate for local supply. Russia's invasion of Ukraine triggered the international value of crude oil, the impact of which played a decisive role in changes in suppliers.
In this regard, the company notes that oil has increased significantly in recent weeks, reaching record levels (50% higher than its value at the beginning of February 2022).
In addition, the YPF stressed that international fuel prices that supplement local supplies have greatly exceeded crude oil. As a result, they said, “Given the macroeconomic situation of crude oil, they will continue to monitor the evolution of variables affecting price formation. The peculiarities of national and international realities.”
As a result of the year, it is 9%, it is in the world of the world, the world of the world, it is a real estate.
In March 2021, the YPF reported that a 15% adjustment would be made in stages over three months to fund investments for the year. An average increase of 7% for the first time on March 16 and 6% for the second time in April. There is a difference in growth. The city of Buenos Aires is higher and the interior is lower.
In recent weeks, international energy prices have skyrocketed following Vladimir Putin's invasion of Ukraine and the imposition of sanctions on Russia, one of the world's major oil and gas producers. Brent crude barrels, which serve as Argentina's reference, hit $130 this week and closed near $111 on Wednesday.
On the other hand, it was reported that the inflation rate accelerated again in February this Tuesday, reaching 4.7%. In this way, as Indec reported on Tuesday, it has accumulated fluctuations of 52.3% over the last 12 months. The first two months of the year began with a high inflation index, as the CPI reached 3.9% in January, which began to question the validity of the official outlook agreed by the government and the IMF. By 2022, the 48% cap has been reached.
In this way, the price increase in the second month of the year is higher than expected by private advisers and is expected to be 4%. Food once again played an important role in inflation in February, as it grew by 7.5%. In this regard, the Government is analysing measures, such as increasing withholding taxes on certain agricultural products, in order to “separate” domestic prices from the impact of the war in Ukraine on international food values.
According to the diagnosis of the Ministry of Economy, the price shows the direct impact of the war conflict in Eastern Europe. “This indicator is affected by the rise in international prices of major commodities due to drought and disputes in Ukraine,” the Ministry of Finance said. However, the invasion of Russia began on February 24, four days before the end of the previous CPI month.
“Almost all regions have seen double-digit growth in fruits and vegetables. The most affected products are dairy products, with growth rates between 6.0 and 8.0 percent, depending on the region, bread and cereals, meat and derivatives between 3.7 and 5.8% per month, with an increase of about 5.0 percent per month.” The Ministry of Economy conducted an analysis.
Transportation is another item that is growing above average (4.9%): household goods (4.4%), miscellaneous goods and services in restaurants and hotels (4.3% each), health (3.6%), clothing and footwear (3.4%), housing, water, electricity and gas (2.8%), tobacco and alcohol (2.7%), education (2.6%), entertainment and culture (2.3%) and communications (1.5%) ).
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