The number of food and beverage products with price increases has been decreasing since the fourth week of November, which could indicate that inflation is colliding with people’s ability to buy essential products.
Since the end of November, when More than 55% of the goods in the basket showed a positive evolution Of the prices, in the fourth week of January 30% recorded increases. It is a cdrop of 25 points since that moment and 7 points less than the previous week.
The data is from the consulting firm LCG in a report which reveals that In the last month, on average, 36% of the products analyzed explained an inflation of 23.1%.
It must be taken into account that the slowdown in inflation may be temporary from the moment that rate increases and a foreseeable new devaluation remain ahead.
In the fourth week, fruits recorded a price drop of 2.3% compared to the previous weekry vegetables, 0.22%, while oil rose 1.84% and meat 2.66%, below the weekly average of 3.5%.
One element to take into account is that From January to October 2023, price jumps occurred in the third weeks.
In that period the number of products with increases jumped to a level of 70% and then in the rest of the month between 10% and 20% the increase continued. Since October, the price advance has been persistent every week for between 40% and 45% of the basket.
Inflation of the first fortnight
In accordance with the PxQ consultancyin the second week of January inflation would be moving at a speed of 28.7%, which indicates a drop of 0.9 percentage points compared to the previous weekr. For the consulting firm run by economist Emmanuel Álvarez Agis, in the first week of the month prices grew by 5.9% and decreased by 4% in the second.
While, Free Consumers, The association created by the late socialist leader Héctor Polino, maintained the traditional control that the entity has over a basket of 21 basic basket products in four supermarkets in the City of Buenos Aires.
In that limited segment, prices rose 10.98%. The food group that at the beginning of the month cost $45,280, two weeks later was worth $50,250 with an increase of $4,950.
Source: Ambito
