Food inflation accelerated in the third week of September and two consultants already estimate that the monthly variation would exceed 2%.
In a week marked by exchange tension, food and beverage price surveys marked an acceleration. The weekly inflation index of LCG climbed strongly until 1.6%, while the survey of Balances It was located in the 0.6%. Meanwhile, ANALYTICS measured a slight deceleration to 0.21%.
LCG measurement marked that food and drinks increased 1.6% in the third week of the monthwith an average of the last four weeks of 1.2% monthly. The end -to -end measurement was located in 1.3%.
In the breakdown, it is detailed that the casualties registered in meats (-0.1%) and vegetables (-3.4%) They did not reach to compensate for the strongest increases in Panified products (+5.2%) and dairy (+5.1%)which explained most of the increase. Only these two items contributed about 80% of the monthly inflation in the sector.
Meanwhile, the survey of ANALYTICS threw an increase in just 0.2% weekly And for the full month, it projects a rise from 2.1% at the general price level.
In this case, the greatest increases were recorded in vegetables (+6.1%) and fruits (+5.1%)while categories of mass consumption such as dairy (+0.5%) and coffee, tea, herb and cocoa (+0.8%) They showed more moderate increases.
For its part, Balabra measured a slight acceleration at 0.6% in the third week, according to Gonzalo Carrera A Scope. In the average of four weeks, inflation is 1.9% and the consultant estimates that September will close at a general level of 2.2%.
Within the basket, the pressure of the seasonal items was highlighted, in particular vegetables and fruits, which also replied the raises also captured by ANALYTICS
Inflation acceleration
Despite the methodological differences, the three reports agree that food continues to show a more volatile dynamic amid the exchange tension and the growing uncertainty. With variations that go from 0.2% to 1.6% weeklythe most sensitive item for homes marks the pulse of inflation.
This week the official dollar reached the roof of the band and the Central Bank intervened for the first time to sustain the price at the upper limit of the flotation scheme. A little over a month of the mid -term elections, doubts about the viability of the regime grow in the City, after the monetary authority was released from US $ 1,100 million in just three days to meet the demand for foreign exchange.
Private projections were known after Indec spread the wholesale price index of August, which showed a 3.1% acceleration from 2.8% in July. The rise responded to a greater “pass This” of the rise of the official dollar, since this indicator includes a higher proportion of tradable goods with the outside compared to retail inflation.
Source: Ambito
