“Since its inception to date, we have observed an average decrease of 7.7% in the prices of the products that participate in this program promoted by the government. LThe data show us that stability in the prices of food and other products included is the way to follow to take care of and give predictability to Argentines.“And to give greater reliability to the figure, Feletti indicated:” The analysis arises from the information provided by supermarkets throughout the country to the Electronic System of Argentine Price Advertising (SEPA), under the format of an Affidavit “.
The inflation According to INDEC, it was 3.5%, at the same level as in September. Meanwhile, in the last twelve months, the general rise in prices climbed to 52.1%. The data generated concern. However, the government clings to the idea that inflation in November will be better because the real impact of the freeze will be reflected throughout the month. In the case of October and being a measure taken at the end of the month, it is likely that the real impact has not been reflected in the index.
“The implementation of the Freeze was not reflected in a general deceleration of prices in the gondolas of the large chains until last October 20, where there were still several products from the list of Resolution 1050 without being able to complete because the products were discontinued from the production process or because the price was out of date when the measure was published. Until before the Freeze, the level of compliance with the care prices program was 97% in these types of points of sale, “said Damián Di Pace, Director of the Consultancy, a week before the official inflation data.
CESO added along the same lines: for the consulting firm that surveyed every week, there was a variation of 0.3% in the week between Monday, October 25 and November 1. Thus, the accumulated increase for the tenth month of the year was 1.9% compared to four weeks ago. For economists, the price freeze and the impact of CyberMonday in the household appliances sector influenced the reduction of some products, but food is still above 2%.
The expectation is whether with the freeze and the various factors that impact the price of food, inflation manages to drop to 2% by November and if after January with the end of the freeze, prices will resume the upward trend or not.
Source From: Ambito
David William is a talented author who has made a name for himself in the world of writing. He is a professional author who writes on a wide range of topics, from general interest to opinion news. David is currently working as a writer at 24 hours worlds where he brings his unique perspective and in-depth research to his articles, making them both informative and engaging.
