According to two private consulting firms, the CPI advanced strongly in the first week compared to the same period in November. What is expected towards the end of the month.
The inflation accelerated strongly. In the first half of December, prices rose 18.1% compared to the same period in November, according to Ecolatina’s GBA CPI. The consulting firm also expects deepen the climb for the second half of the last month of 2023 from the 54% devaluation implemented by the Government.
The acceleration of the first 15 days of the month responds mainly to the Health category, where an increase of 38.4% was recorded. Also, the consulting firm detected strong increases in Recreation, Equipment and maintenance of the home and Food.
For its part, according to the LCG consultancy, Food prices rose 16% only in the second and accumulates inflation of 13.9% so far this month.
Inflation: which items drove the rise in prices so far in December
According to Ecolatina, the chapters with the greatest evolution during the first half of December were:
- Health (38.4%) driven by increases in prepaid and medical services;
- Leisure (35.2%) mainly due to increases in tourism.
- Home equipment and maintenance (28.2%);
- Food and beverages (16.2%).
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Inflation: what to expect towards the end of the month
The consultants estimate that in the remainder of December the inflation will deepen. The transfer of prices will be reflected in the CPI for the last month of the year due to the jump in the wholesale exchange rate of 118%.
Added to the adjustment of prices in mass consumption products and fuels derived from the disarmament of the program Fair Prices and for the increase in meat.
What were the foods that increased the most in the second week of December?
In the second week December, the foods that increased the most according to LCG were:
- Drinks and infusions: 12.2%
- Sugar: 9.1%
- meats: 7.6%
- Oils: 4.5%
- Dairy and eggs: 3.1%
- Bread, cereals and pasta: 3%.
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Source: Ambito
