The specialist argued that This improvement responds to the new salary adjustments obtained in parity, to which was added the increase in the living and mobile minimum wage and other social plans that seek to reverse the drop in consumption.
“What we are warning are three scenarios. A private sector with salaries almost equal to inflation; the audience slightly below; and the most affected sector of the informal wage earner who has not yet been hit by the rebound of the economy or to those who arrived it was not enough to recover the level of income, “he said.
Di Pace added that in terms of retail sales, there is “a growth in sales in October, with a situation of credit card use. The acceleration of the price variation in durable goods generates that Argentines are financed with plastic taking advantage of the plans in installments without interest of the Government “.
The report detailed that Consumption in the tenth month of the year fell both in the metropolitan area and in the rest of the country, in advance of 2021. The negative rates of the last month decelerate the fall compared to September in the metropolitan area, while in the Interior area the first positive variation of the year was registered.
“The effect of increasing public spending and fiscal deficit by dumping more pesos in the market will have as a consequence in the coming months an acceleration in the variation of pesos restricting future consumption”, considered the work of Focus Market.
Out of a total of 120 product categories analyzed, among those that presented strong advances in consumption in the last month, Flavored and Energizing Milks stand out, while sales of the Alcohols and Common Wines fell. The survey “Focus Market via Scanntech” worked with data obtained via code reader in 670 points of sale throughout the country.
Source From: Ambito
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