For April, private consultants forecast a rise of more than 5% in inflation, which would only begin to ease in May.
For its part, the price measurement carried out by the Focus Market consultancy shows a slowdown in the general level but still with a floor much higher than 5.5%. While the Food and Beverage category stands at 5.9%.
During this month, above the average price variation were: Expenses with increases of 20%, Prepaid 6%, Domestic Service 12% and Schools at 9%.
A recent study by the consulting firm LLyC highlighted that the effects of inflation were similar in other countries in the region: “Latin America had the highest inflation in the world during 2021 and that caused the increase in the cost of living, increasing the preference for purchases by proximity and the trend of local consumption”, he stated.
According to this report, prices in key categories such asfood and fuel were the ones that led the inflationary rises. This is followed by other essential items such as clothing and footwear, housing, health, non-alcoholic beverages, cars, and travel/tourism, which directly affected the most vulnerable families.
Precisely because of the level of impact that inflation had on wages, one of the new habits that will redefine consumption in the region, according to the consultant, is the greater tendency of consumers to “pay more attention to prices” than time to buy.
Source: Ambito
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