Analysts assure that it will be very difficult to see a new decline in inflation in June, as a result of the rate increases and the rise in food and beverages.
They rose half a percentage point and thus climbed to 4.1%.
Analysts say it will be very complicated that in June a new decrease in inflation may be seen, as a consequence of the rate increases and the increase in food and beverages.
Thus, the different consultancies expect a variation of between 5% and 6% due to the resumption of increases in electricity and gas rates postponed during the previous month, added to signs of acceleration in food.
The Government is aware of this, and the president himself Javier Milei In television statements he announced that in June there will be no zero deficit and in addition, it will come with a rebound in price dynamics that can already be perceived.
In this context, the consultancy’s progress report Labor Capital & Growth (LCG) showed that average monthly inflation accelerated 0.5% and reached 4.1% in the last four weeks. Despite the fact that in the third week of the sixth month of the year inflation closed at 0.9% in the food and beverage segment, which implies a slowdown of 0.6% compared to the previous week.
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“The percentage of products with increases decreased compared to the second week of June, as did the percentage of products with price drops (25% and 19%, respectively); while, 56% of the products surveyed did not suffer changes in their prices,” highlights the LCG document.
The report highlights that foods presented very varied indices. The list of increases is headed by dairy, meat, sugar and oil. Meanwhile, fruits and vegetables had a downward week.
Foods that rose the most in the third week of June
- Sugar: 5.6%.
- Oil: 4.1%.
- Dairy and eggs: 2.3%.
- Condiments: 2.1%.
- Meats: 1.2%.
- Meals ready to go: 0.8%.
- Bread: 0.5%.
- Fruits: -0.2%.
- Vegetables: -0.3%.
- Drinks: -0.8%.
The foods that rose the most in June
- Dairy and eggs: 6.1%.
- Meat: 5.4%.
- Oil: 4.3%.
- Drinks: 4.3%.
- Sugar: 4.2%.
- Vegetables: 3.3%.
- Condiments: 3.3%.
- Bread: 2.8%.
- Meals ready to go: 2.2%.
- Fruits: -4.2%.
The document is conclusive in pointing out that although food prices register a slight slowdown, they continue to rise week by week. They rose half a percentage point and thus climbed to 4.1%.
Source: Ambito
