He June Consumer Price Index slowed to 6%as reported by the National Institute of Statistics and Censuses (INDEC), with the data that, for the second month, the increase in food was below the general index, standing at 4.1%, which represented its smallest rise since January 2022 when it registered 1.8%.
So that the increase of food is located at 4.1%, within the division, some subheadings, such as fruitexperienced drops in all regions, up to 4.2%, except in the Pampeana, which rose 0.8%.
others like Vegetables, tubers and legumes They also increased in almost all regions below general inflation (up to 5%), with the exception of Patagonia, which shot up 10%, although in GBA they fell 5.9%. For her part, the meat which rose only to 2.4%.
Thus, some products within these subheadings they fell to 26% and others increased, but below inflation.
“The biggest difference, and which explains the lower inflation of the INDEC compared to the rest of the surveys, was in the category of food and beverages, which slowed down to 4.1% and which was even stronger in the GBA, as it rose 3.6%“highlighted the report of C&T Economic Advisorsalthough he stressed that the survey carried out by the consultant “had shown a rise in food of 5.3% and the CPI of CABA a rise of 5.8%.”
In the comparison of surveys, “a strong rise in bread and cereals, oils, dairy products and sugar and confectionery products was maintained. On the other hand, the slowdown in meat prices was much stronger for the INDEC, which registered a 1.7% rise in the GBA. For its part, according to INDEC, fruit fell more than 4% in June, something that the other surveys did not capture.”they pointed out from the consultant.
For his part, GCL indicated that “Although they slowed down, food and non-alcoholic beverages accumulate a rise of 55.6% so far this year. In addition, they are above the inflation accumulated in the same period (+50.7%)”.
June inflation: which foods registered the biggest drops
The food that suffered falls in the food category were: round tomato (-26.4%), orange (-25.9%), lemon (-14.5%), lettuce (-5.5%), whole chicken (-5.3%) and butternut squash (-0.8%).
Meanwhile, the products that experienced lower increases were Roast (0.3%), followed by the Delicious apple (0.4%), Buttock (0.7%), rump (0.9%) and vienna sausage (0.9%).
June inflation: how much each category increased
Within categories, there was a marked slowdown in “seasonal”, which in June registered an increase of 1.8%, compared to 6% in May and 12.6% in April. It was the smallest increase since November 2021, when it stood at 0.5%.
Meanwhile, the Regulated were located above the general level at 7.2%, the same as the CPI core with 6.5%.
From LCG, they affirm that “the slowdown in June responds to a lower incidence of Seasonals that reduced the rise to more than a third (from 6% in May to 1.8% this month) and of core inflation that slowed down 1.3 pp in the month, to 6.5%“.
“In the case of Regulated, it was the one that presented the greatest variation: 7.2% monthly, although it slowed down 1.8 pp compared to a month ago. This increase is explained by Electricity, Fuels, Buses, among others. They contributed 1.2 pp more inflation than a month ago”they added.
Source: Ambito
