“The loss of purchasing power of the Argentines in the first quarter of the year is being very strong and more intense in Food. While the purchase frequencies in the retail channel are intensifying for replacement in the nominal purchase with a $1000 bill each time you buy fewer units,” said Damián Di Pace from Focus Market Consulting.
“Perhaps with that ticket only 3 months ago I bought 4 or 5 units and today it is not enough for 2 or 3 units of the same brand and presentation,” he added.
In this case we can see that in December 2021 we bought for lunch: battered chicken 360 grams, long fine rice 1 kilo, 6 eggs, and a flavored water of 1.5 liters with less than a thousand pesos ($970), however 3 months later we need to cover this breakfast $1,233.-, 27% more .
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“In April with a cut in the third week of the month if we take the monthly accumulated with respect to the same week of March food and beverage inflation is still very high at 6.5%. In the same period, we observed a rise in fresh products such as beef, chicken and milk above 10% and a slowdown in the rise of fruits and vegetables that had been climbing strongly in the first quarter of the year,” said Damián Di Pace Director of the Focus Market Consultant.
We also revealed that we could buy for dinner in December 2021: 500 g tagliatelle noodles, 340 g fillet sauce, 130 g grated cheese, 2.25 liter cola and a 750 ml malbec wine, with less than $999, however 3 months later we need $1,250 to cover this breakfast, a 25 % plus.
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According to Focus Market, “The reinforcement of the bonus that involves informal workers, monotributistas A and B and workers of private homes is segmented on the sectors of the lowest socioeconomic level where the share of their level of spending on food has grown strongly, making their situation more precarious”.
This type of allocation by the State in a context of inflationary acceleration such as the current one compensates but below the real rise in prices. While the IFE in May 2020 was $10,000 today to maintain its purchasing power the same allocation should be $22,000. However, it is $4000 that was wiped out by inflation,” detailed Damián Di Pace Director of Focus Market Consulting.
Source: Ambito
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