While, In warehouses Price lists began to arrive With 3% rises in some dairy products and personal hygiene productswhile in other items The increase in lists reached 10%. Sources of the sector affirmed that “the entire increase of the dollar is not going to be transferred to the price of food, but Obviously in those of maximum rotation or essential, both in food and cleaning, in these 24 or 48 hours it will materialize“
For their part, from the Argentine Chamber of Distributors and Self -Services (CADAM) they commented to Scope that from August 1 they received list with increases from 2 to 8%. “Those that are about 8% is all that is Cleaning, perfumery, dental creams and oilswhich has a strong incidence of dollar, and those between 2 and 3% are all those that have the incidence of freight, which normally rise when gasoline upload, such as dairy products, kitchen rolls and hygienic papers“They explained.
They commented that they are in negotiations with the suppliers for a reduction of these increases and They recognized that what happens with the dollar during the next few days will be central to that discussion. “It will be defined a lot with what happens with the exchange rate this week, and how much fuels and services increase, because Based on that we more or less have a guideline to ask for a 2, 3 or 4% discount on that price list“They explained.
More increases in sweets, cigarettes and frozen food
Similarly, to kiosks Consulted by this means An important imported candy supplier sent them in the last hours the price list with average increases of 8% their products. Meanwhile, the ice cream of one of the country’s main food arrived with Increases between 10% and 22%. In the cigarettes something similar was observed, with increases between the main brands that ranged between 5% and 8%.
For its part, In the baker industry they received increases of at least 10% In key supplies for production, such as fats and margarine, and promises from some weight mills on flour increases for the next few hours.
According to a survey of the consultant Focus Marketonly in the first four days of August there were considerable increases in several mass consumption products: liquid juices (11.15%), Nuggets (8.61%), Milk (8.28%), Chocolates (7.81%), spreadable cheeses (6.65%), coffee (6.28%), burgers (5.91%), sausages (5.89%), fine wines (5.81%) and achocolate (5.25%).
The impact on inflation
In statements on Monday, the economist Orlando Ferreres predicted for August Inflation greater than 2% and did not rule out that it can reach 3%after the jump that the price of the Official dollarthat in his wholesaler 14%.
“Nor will it be a very large increase, it can reach 3% perhaps, and perhaps the two pass, But the effects of inflation on economic growth are not great ”he said Ferreres In a radial interview.
For its part, the consultant Eco Go It measured during the first days of August a rise of 0.6% in food consumed inside the home, which marks an acceleration of 0.6 points compared to what the previous week registered. “With this data, inflation in food consumed within the home would amount to 2.2% in August. Incorporating the increases registered in food consumed outside the home (3.2%), The indicator is 2.3%”they estimated.
Although they affirmed that “The exchange rate jump did not show an immediate transfer at prices” until MondayThey added that “It is not ruled out, however, that new increases can be experienced in the coming weeksdespite the containment of the index that suppose the stop imposed by salaries to consumption and competition against imported. “
So and everything, that increase projected by the consultant who directs Marina Dal Poggeto would be well above the 0.6% increase in non -alcoholic foods and drinks than the INDEC He measured during June, last month with official data.
The Government expects prices not to be validated
In his latest public statements, the president, Javier MileiHe was confident that there is no transfer at prices. A few days ago, the rejection of supermarket cameras on the increases in supplier price lists.
“Menger goes to the court”was Milei’s ironic tweet when reproducing a user who said: “Supermarket and large surfaces are already rejecting the increases in suppliers pricing lists (…) They will not validate increases in gondolas. Chamber Officer. Fact”.
When Milei says “Menger” It refers to the Austrian economist Carl Menger, who elaborated the call “Theory of subjective value“, which argues that the value of a good “is not derived from its production cost” (or its objective utility) but from the individual valuation of each person.
In other words, the president maintains that The value of a good depends on the preferences and shortage of that product, not on costs. Therefore, If suppliers increase prices above what supermarkets and consumers are willing to pay, prices must fall.
In addition, during your participation on Monday in an activity organized by the Faro Foundation, He said when the official exchange rate would go from his current levels. Mentioning that the American currency was at $ 1,360, he remarked that it was the value of that day only, “Because he will keep going down”.
Source: Ambito
