The weekly price measurement is slightly overheated and the monthly projection for the food segment is already close to 3%.
The food inflation is overheating, amid the volatility of the dollar, and is already projected between 2.9% and the 3% for October, according to private consultants, after marking an advance of 1.9% during September, taking into account the measurement of the National Institute of Statistics and Censuses (INDEC).
Weekly inflation warms up slightly and the monthly projection for the food segment is already at 3%according to a report by the consulting firm LCG. The increase is explained by the rise in 3.7% in products dairy and eggsas well as the advance of 3.2% of drinks and infusions to consume at home, while at the other extreme vegetables they went down 2.1%.
The EcoGo measurement directed by Marina Dal Poggetto, positions the food increase in 2.9% for the tenth month of the year, driven by the 3.4% increase in food consumed outside the home and 2.8% inside the home.
“Mother’s Day purchases attracted the ‘beauty items and utensils’ category, which registered a rise of 5.2% in the week. The disposable items They followed, with an increase of 3.3%. Lastly and closing the podium was the category “dishes and others” which recorded an increase of 3%”, they stated from EcoGo.
During the third week of EcoGo measurement, meats showed a stable trend, despite the fact that there was a wholesale increase of 5% in the steer. For their part, the fruit They were on the rise this week and driven by the rise in the price of apples (6%), they recorded an increase of 1.5%. The vegetables, On the other hand, they experienced a decrease in the week of 0.3%.
The dairy and egg category recorded an increase of 1.6% in the week, driven by increases in the price of eggs (5.3%) and fluid milk (2.7%). So far this year the category has accumulated an increase of 20%, below the average food prices.
October inflation on the rise
The inflation of October would be located in 2.5% monthly, according to the forecasts of EcoGo. “The decrease compared to last week responds mainly to a lower-than-expected variation in food prices, in a context where pass-through remains limited despite the volatility of the exchange rate and the uncertainty posed by the elections“, they mentioned from the consulting firm.
Source: Ambito
