In the last 48 hours, the jump of the dollar generated a wave of devaluation 40%, which immediately moved to prices in various areas of the daily economy such as fuel, meat, bread and fares, among others. This increase occurred between the data of inflation July, which climbed to 6.3%, according to the INDEC.
- Super gasoline: $305.2 a liter
- V Power $376.2
- Premium diesel $408.6
- Common: $337.7
No change in the gasoline and diesel prices in the network of stations YPF in the City of Buenos Aires, the values are as follows:
- Super gasoline: $213.80;
- Premium gasoline: $274.42;
- Diesel: $229.69;
- Premium diesel: $313.50.
Meat
After the discovery of the Inflation index of July disseminated by the Indec, who reported that the Consumer’s price index was from 6.3% and the devaluation Of weight a 18.3% on Monday, the market of the meat It adds to the moment of uncertainty that the industry is experiencing regarding prices. From this, the refrigerators they assure that between monday and tuesday suffered 60% increases.
To this rise is added the renegotiation between merchants and the Government on the expiration of Fair Priceswith a increase which could be between 9% and 15%.
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Bread
He Merlo Bakers Center announced a significant increase in the bread price as of this Thursday and they do not rule out new increases in the event that inputs continue to increase.
The kilo of bread, they estimated, will cost $800. This 15% increase It was attributed to the increase in production costs, especially key inputs such as flour, shortening and yeast. They also indicated that the price update “is due to the fact that flour increased by 30 percent and fat costs 25 percent more.” “Also, yeast costs us 15% more”they added from the central bakers, as a reference of the value of the product after the jump in the change.
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Changes in the Qatari dollar
The Federal Administration of Public Revenues (AFIP) decided last Monday to reduce the perception on account of the Personal Property Tax, which included the Qatar dollar, and its price fell over $70.
through the General Resolution 5403/2023the AFIP cut the perception of Personal property of the qatar dollar from 25% to 5%. In this way, the currency falls $73.24 (-10%) to $659.21, from $732 on Monday.
This exchange rate applies to consumption abroad with debit and credit cards over US$300 per month per person.
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cars
From several terminals they communicated to their network of concessionaires that billing was suspended until the commercial policy to be followed was decided. According to different agencies consulted by AmbitIt is expected that In the next few hours, the new price lists will arrive with increases that are estimated to be between 13% and 15% for 0km that express their price in pesos.
This increase is added to the adjustment that the cars already had, at the beginning of the month, as a consequence of the 7.5% tax surcharge that is applied on the import of 0km and parts.
rates
Behind the devaluationin the economic team of the Government team admit that the electricity and gas rates they are under scrutiny. After applying increments of 371% in a year in the light for the sectors of greater income, the original plan of the Secretary of Energy was to apply one last increase at the end of the year. However, For these hours, additional increases are not ruled out at the highest income level, the so-called N1 and to industries and businesses. The dilemma happens that while the decision impacts on the pockets and more inflation, not taking it implies a greater expenditure of energy subsidies, before a IMF that claims to lower the fiscal deficit to make the disbursements.
as far as he could tell Ambit, the fact that increasing electricity for high-income families is being analyzed has to do with the fact that they have already had the total withdrawal of subsidies. “It could be reviewed so that they continue to cover the cost of the energy”, they reported in Economy.
Netflix, Apple TV, and Spotify
Netflix, Amazon, Starplus, Apple TV and Spotify, among other platforms have their subscriptions tied to the dollar. That is why after the Government’s decision to depreciate the peso at the request of the IMF and after the results of the elections, the impact on these services could be determined.
He Netflix Basic Plan is $999 and has a final price of $1,758.24 with taxes. If the 23% increase is transferred directly, it would go to $2,162 with taxes.
AppleTV+ They have a monthly subscription of $6.99 per month after a free trial period of 7 days. The payment that with the current solidarity exchange rate would go from $4,466 to $5,493.
Spotify, the Individual Plan of $599 that when adding taxes and surcharges is $1,054.24 with 23% would go to $1,296, the Duo Plan of $799 comes out $1,406.24 with the tax charges and $1,720 with the effect of the devaluation. Finally, the $999 Family Plan pays $1,758.24 and $2,162 if 23% applies.
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Children’s Day: the impact on toy prices
Regarding the measures of last Monday, the Argentine Chamber of the Toy Industry (CAIJ) informed that the products of national origin have already been delivered to the different marketing channels, so the new prices will be applied for deliveries after the Children’s Day.
Regarding imported products, there may be some remarking on some specific products, but there is really no room to make changes to prices because it seeks to promote sales in this season, which accounts for 60% of annual sales for the sector. In that sense, the CAIJ signed an Agreement with Banco Nación that will allow all member toy stores in the country to offer the following promotions:
– Children’s Day: From August 15 to August 20, 40% discount with 3 installments without interest. With a refund limit of $8000 per purchase exclusively paying with BNA+ MODE. Applies to Visa and Mastercard credit cards, Mastercard Debit and Maestro Retired debit cards.
– Nation Week – Toy Stores: Every Tuesday until 12/31/2023 (with the possibility of renewal) 25% discount and 3 installments without interest (by Banco Nación). With a refund cap of $2000 per purchase. Applies to Visa and Mastercard credit cards, Mastercard Debit and Maestro Retired debit cards.
– Besides, Friday the 18th and Saturday the 19th Banco Provincia promotions will be available with a 30% discount and up to 4 without interest with a refund limit: $6,000.- per transaction with Banco Provincia Visa and Mastercard credit cards, both for face-to-face and/or online sales (the latter as long as the sale is finalized from the merchant’s website).
inflation to be expected
After learning that July inflation was 6.3%according to him indecis that you look at them They are focused on what will happen with the August measurement. Far behind was the image of last month since the PASSED that they gave to javier milei as the most voted candidate nor the BCRA had made the decision to devalue the official currency by 22%, and set the official exchange rate until October.
Eight consultants relieved by Ambit they projected that August inflation would be between 10% and 15% per month and they gave their forecasts for what is to come.
Source: Ambito
