For its part, the consulting firm Eco Go estimates that inflation in July will be 6.2%, with food below that, at 5.9%. “The rises in household appliances, technology and tourism, as a result of the rise in financial dollars and the tightening of the stocks”.
Nicolás Pertierra, CESO chief economist, explained that one of the reasons may have to do with the uncertainty about future imports of supplies for household appliances. As Ámbito told, there is a lot of concern in the companies of Tierra del Fuego. However, Pertierra stressed that he also influenced the rise in prices a “consumer coverage consumption to defend against inflation”.
It should be clarified that the survey of the CESO takes place in supermarkets, where prices are monitored in real time by the Ministry of Internal Trade, which even during the weekend went out to check with inspectors. Therefore, in nearby businesses, the increases could be even higher, Pertierra warned.
In Ecolatina, they observe a similar panorama in terms of prices. The projection of the IPC for July is 7.5%, informed the economist Santiago Manoukian. Only in the first 15 days of the month, prices climbed 7.9%due to the “high financial volatility”, with very strong rises in the parallel dollars, and due to the “high uncertainty about the replacement costs”, due to the measures related to imports.
The biggest rises took place in intermediate and durable goods, with an average of 8%. The main increases occurred in spare parts for vehicles (20.4%), tools (16%), furniture (13.8%), home (12.9%), audio and television equipment (+12.6%) and acquisition of vehicles (9.2%). Home appliance sales have accumulated a 24% rise so far this year, Manoukian added.
In fact, in the evolution of sales of Now12, appliances and technology led sales around the end of May, and had the peak of the entire seriesmeasured in real values, according to the CEPXXI monitor.
The latest Consumer Confidence Index rose 7.7% in June from the previous month. The three sub-indices revealed by the Universidad Torcuato Di Tella (UTDT) show positive numbers, but the rises are headed by the sub-index called durable and real estate. It climbed 12.6% monthly in June compared to the previous month, and 54.6% in the interannual, due to the “predisposition for the acquisition of electrical appliances, houses and cars”, informed the UTDT. Within that category, “The predisposition to purchase fixed assets such as household appliances rose 20.6%”, detailed the university.
rise in food
Only in the third week of July, food had average increases of 2.1%, according to the consulting firm LCG. The first week of July had been 2.5%, and the second 1.5%. In the last week, vegetables led with 6.5%. “For the third consecutive week, the percentage of products with increases was 30%”he detailed.
So the average monthly inflation is 5.8%, according to LCG, with half of the categories with a monthly inflation of 6%. In the month, baked goods, cereals and pasta (8.1%) lead. In recent days, bakers in the Greater Buenos Aires area announced that the kilo will go to $320-$340. In addition, a private trust that the Government had established in March to contain the price of noodles and flour in the gondolas was canceled. On the other hand, increases in vegetables (7.1%), dairy products and eggs (7%) and household beverages (7%) were also on the podium.
Source: Ambito
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