The foods that increased the most from October 2020 to October 2021:
- Snacks (+154%)
- Low wines (103.1%)
- Mayonnaise (95%)
- Sliced bread (79%)
- Empanada tapas (74.4%)
- Medium wines (74.2%)
- Tea (64.1%)
- Oil (63%)
- Rice (62.9%)
- Beers (62.3%)
As for the products that increased the most in the period from September 2021 to October are:
- Mayonnaise (13.1%)
- Sliced bread (10.7%)
- Cereals (7.4%)
- Shavers (7.1%)
- Chocolate drinks (7.1%)
- Toothpastes (6.8%)
- Feminine towels (6.6%)
- Toilet paper (6.1%)
- Wines (6%)
- Softener (5.9%)
On October 20, the Government established the “temporary fixing of maximum prices for sale to the consumer for all producers, marketers and distributors of 1,432 mass consumption products throughout the national territory.” In this sense, Focus Market pointed out that: “The implementation of the Freeze was not reflected in a general deceleration of prices in the gondolas of the large chains until last October 20 where there were still several products from the list of Resolution 1050 without being able to fill in because the products were discontinued from the production process or because the price was outdated when the measure was published. Until before the Freeze, the level of compliance with the care prices program was 97% in these types of points of sale, “said Damián Di Pace, Director of the Consultant.
“The variation of prices in the month of October had different temperatures with a higher level of implementation of the price freeze in large chains and lack of possibility of compliance in national and Chinese supermarkets, kiosks among others where 70% of the commercialization of mass consumption in Argentina. These mouths receive a higher cost price list than what the Resolution of the Price Freeze requires for the sale.Di Pace warned.
Within the framework of the freeze, the categories that showed decreases in their price were Flans (- 5.4%), Flavored Waters without Gas (-4.6%), Milk Cream – (4.3%), Laundry Detergent ( -2.5%), Oil (-0.5%), Detergent (- 0.3%), Yogurts (- 0.2%), Grated Cheese (- 0.1%), among others.
“We must closely monitor the level of implementation of the freeze to assess the price variation in the month of November. Until now, it is generating a shift in demand from the smallest outlets to the large chains, harming the weakest link. your part, the profit margins of these points of sale are meager with sales drops in the month of October of up to 5%“, he concluded.
Finally, the consultant estimated that food increases for the month of October are in the order of 3.4% which anticipates a new high inflation figure.
Source From: Ambito
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