According to a report from the PxQ consultancyfood and beverages, which prior to the STEP and the devaluation of the official exchange rate carried out by the Government the following Monday, in a single day the average variation of increases in these products rose 2.1% and accelerated the August trend that was at 1.2% per week.
Thus, among the foods that shot up the most in just 24 hours were: Nuts +13.1%, bananas +12%, sugar +9.1%, coffee +5.98%, and candies +4.65%. “It is observed that the greatest impact of the devaluation after STEP was generated in the variations of greater magnitude (Very High), going from a 21% weekly average variation in the weeks prior to the elections to 33% on the first day after STEP “, the report revealed.
In addition, if the evolution of the number of products published on Monday after PASO is compared with the first week of August, it is observed that the quantities of products offered with “Very High” price variations increased by 57% while in the cases of the “High” and “Moderate” increases, the amounts published fall by half.
Within what food is, PXQ made a section for the meat. The consultant highlighted that after the measures announced by the government on July 24 when the “dollar-corn” began to rulethe wholesale price of meat increased by 25%. This Monday, and after the 22% jump in the price of the official dollar, in the Agricultural Market (MAG) again an average 21% increase in wholesale prices was observed on the first business day after STEP.
In the case of clothing, which came with a negative trend due to the sale due to the end of the winter season, it is that the growth of the average variations resumed. On Monday after PASO, a rise of 1.2% was registered. The sub-headings that varied the most in just one day were: sportswear for boys and girls +4.9%, women’s underwear +4.2%, men’s outerwear +1.6%, and outerwear for boys and girls +1.6%.
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In the home equipment and maintenance item, the average variation remained in line with the last two weeks. However, from PxQ, it was mentioned that “the fourth week of July the deceleration trend was reversed, a moment that coincides with the increase in the prices of parallel dollars and the establishment of the PAIS Tax. Again, in a single day the prices increased 1.5%”.
The products that rose the most on Monday were: household tools and equipment +6.87%, small electrical appliances +6.03%, other household cleaning appliances +5.7%, electric fans +5.61% and air conditioning appliances +5.43%. “If the evolution of the quantity of products published on Monday after PASO is compared versus the first week of August, it is observed that the quantities of products offered with “Very High” price variations remained practically unchanged,” said the consultant.
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As to construction and repair, after the devaluation, the daily variation on Monday reached 9.4%. It’s just one day prices rose at a rate 3 times higher than in a week. The items that rose the most in 24 hours were: sheet metal + 15.22%, toinsulation +14.95%, cement +12.9%, openings +12.89% and taps +12.79%.
The number of products that had variations within the “very high” range went from 9% to 34%, showing a generalization of the increases.
“Although in the field Electronics and Home Appliances the average price variation was 1.3% on Monday after STEP, the price increases of this item were already accelerating (in the context of the skyrocketing of the parallel dollar and the new COUNTRY tax). This was moderated by the great compliance with the Fair Prices program in the White Line item. Again, It must be considered that the variation of 1.3% is for a single day and not for a week”explained the consultant.
Increase in prices: and now what will happen?
Eight consultants relieved by Ambit they projected that August inflation would be between 10% and 15% per month. For GCL could be located between 12 and 15%at the same time Econometrics evaluates that the measurement will be in the eleven%a vision they share with Ferreres and Eco Go. For balance the IPC could score between a eleven% and a 12%.
From roman group they assure that it could be close to 10%. Finally, another consultant said, in off, that the measurement is projected in 14.3% although they considered that still It is too recent to measure August. From C&T they preferred They did not disclose data but they anticipated that it will be in double digits.
Source: Ambito
