In that sense, he said that the deterioration of the purchasing power of the Argentines found in the variation of prices suffered in July “its worst version”.
In the analysis of the consumption situation by family of products, all of them fell back except “Beverages”. “Food”, as well as “Personal Care” are the ones with the greatest drop in consumption.
The positive variation of “Beverages” was explained by those without alcohol, which grew in consumption by 2.1%, while alcoholic beverages fell by 3.7%.
According to the report, one of the categories affected by the drop in consumption was “Personal Care” which was found among the products with the lowest volume resigned by Argentine families to give priority to the “Food and Beverages” category.
In as much, the consultant remarked that in the accumulated of the year a contraction of 2.2% in consumption is registered and a growth of 58.8% in invoicing.
consumption categories focus.png
“The correction of regulated prices such as transportation, education, health and now public services is leading to a more intense drop in consumption in the Metropolitan Area of Buenos Aires compared to the interior of the country. For its part, inflation in the suburbs of Buenos Aires and the Federal Capital is being higher than in the interior of the country. Even a basic Buenos Aires food basket is exceeding the average of that same basket in the country by almost twelve thousand pesos,” Di Pace said.
He also stated that, in the accumulated figure for the year, the Metropolitan area persists with a drop in consumption at a double-digit rate, while the Interior remains stable despite showing retraction in recent months.
“Until now, the stabilization plan presented by Sergio Massa has been in installments, but still without a plan to reduce the fiscal deficit and correct monetary policy for the remainder of the year,” concluded Di Pace.
Source: Ambito
David William is a talented author who has made a name for himself in the world of writing. He is a professional author who writes on a wide range of topics, from general interest to opinion news. David is currently working as a writer at 24 hours worlds where he brings his unique perspective and in-depth research to his articles, making them both informative and engaging.
