The Consumer Price Index registered 6% in June, which implied that it slowed down for the second consecutive month, but nevertheless this trend would not be repeated in July.
Inflation marked 6% in June and slowed down compared to May. The division with the highest incidence in all regions and, furthermore, the one that rose the least in the month was food and beverages that advanced 4.1%. But, Will this trend be replicated in July?
According to the consultant Echo Go, the survey corresponding to the second week of the month registered a variation of the 1.4% of food compared to the previous week. With this data and considering the weekly projection of 1.5% for the last two weeks of July would climb to 7.1% per month.
“If we also consider the evolution of food consumed outside the home (7.8%), inflation would reach 7.2% of food”, explained the consultant in its latest report. Thus, the CPI this month would be located at a general level in the 6.6% monthly.
In the report of GCLin the second week of July the rise in food prices averaged 1.8%, accelerating 1.6 pp compared to the previous week. The food and beverage index presented monthly inflation of 5% average in the last 4 weeks, and 4.7% end to end in the same period.
For ecolatin, July inflation would continue below 7% in July. In the first fortnight, food and beverages rose to 5.3% but slowed down 1.6 pp compared to the first half of June, mainly due to lower growth in Meats (+1.6%) and a fall in Fruits (-0.5%). the products of Mass Consumption -packaged- climbed 6.5%showing a slowdown of 0.4 pp compared to June 1Q.
last for Camilo Tiscornia, director of T&C, in July the inflation data will be higher than that of June and would be above 7% per month. For this consultant, the rise will be supported by seasonality, with the increase in prices linked to tourism, increases in prepaid and rates.
Source: Ambito
