This is the highest rise in three months, 1.7 points above the previous week. The percentage of products with weekly increases was 20.3% and there are already eleven weeks with a value above 20%.
The august inflation recorded a rise in food 7.1% monthly. Within the division, the increase in Vegetables, tubers and legumes stood out; Sugar, sweets, chocolate, candy; Fruits; Oils, fats and lard; and Milk, milk products and eggs.
The new estimate implies that all the products in the basket would be registering a price increase in just over a month.
What are the main food increases
- One of the most outstanding data is that meats showed a variation of 7.6% and explained almost the total variation of the week. Meats top the list in a row.
- Fruits: 4.3%.
- Dairy products and eggs: 3.1%.
- Vegetables: 1.7%.
- Ready-to-go meals: 1.3%.
- Beverages and infusions to consume at home: 1.2%.
- Condiments and other food products: 0.4%.
- Sugar, honey, sweets and cocoa: 0.2%.
- Oils: -2.4%.
- Bakery products, cereals and pasta: -3.8%.
Private consultants estimate that the September inflation will be above 6%with the strong impulse of food prices, and the year will end with a rise close to 100%.
For EcoGothis month’s inflation would climb to 6.3%, close to the level registered in August, which was 7%. According to this consultant, last week there was a 1.5% variation in food prices with compared to the previous weekwhich implies an acceleration of 0.5%.
Considering a weekly variation projection of 1.4% for the rest of the month, lInflation of food consumed at home in September would climb to 6.6% monthly.
For Ecolatin, this month will close with a retail price level of 6.3%which will reach a 82% year-on-year. Among the reasons for the rise in September, this consultant listed, on the one hand, the adjustment of regulated pricesand on the other the drag left by the second half of August and a higher rate of devaluation by the Central Bank.
For Ecolatin, 2022 inflation will climb to 95% and there is no indication of a slowdown in 2023.
Focus Market estimated that duringhe next 4 months of the year inflation will have a floor of 6%. The projection is based on correction of relative prices (utility rates)the correction of exchange rate wholesale officer and import restrictionsInter alia.
The Economist Fausto Spotorno, of Ferreres and Associatesprojected a inflation above 6% this month and “clawing” the 100% throughout the year.
The Scalabrini Ortiz Center for Economic and Social Studies (CESO) pointed out that in the last week prices increased 1.7%while if we calculate lthe last 30 days (until September 19), the accumulated rise is 5.5%. The fresh food recorded a rise of 6.7% monthly and beverages, 6%.
Source: Ambito
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