In the context of a decreasing trend in inflation which was consistent with the reduction of food price increasethe first private studies revealed a 3.8% increase in the basket of basic products of this item during the month of June.
The LCG consultancy firm stated that a 0.6% rise in the last week of the month They justified the figure, which represented a slowdown of 0.3% compared to the previous seven days. 3.8% in food It is above the 2.3% average that April and May had.
In food detail, the last week of June went through drop in prices of beverages, sugar, fruit and vegetables, with the latter category having the greatest decline: 2.9% in the last seven days of the month. In contrast, dairy and meat had pronounced increases.
It is expected that the INDEC publish official data on Wednesday, July 12, which would range from 5%higher than 4.2% of May.
Inflation: How much did food prices increase in June?
According to the consulting firm LCG, the June price variation in the food sector was:
- Dairy and eggs: 7.5%;
- Oils: 5.7%;
- meats: 5.4%;
- Sugar: 3.8%;
- Vegetables: 23%;
- Bread, cereals and pasta: 2.1%;
- Drinks and infusions: 2%;
- Condiments and other food products: 1.9%;
- Ready-to-go meals: 1.8%;
- Fruit: -2%.
Inflation in June: what figures do the consulting firms expect?
In dialogue with Ambit, Claudio Caprarulodirector at Analyticahe predicted: “For now we maintain a projection close to 5% for this month and In the third week of June, inflation in food and beverages gave us below 0.1%the most important category of INDEC”.
For its part, Camilio Tiscornia of C&T Associatesalso in a conversation with this medium, said that “the data for the month may be a little below 5%”. For its part, from pxqit is estimated that inflation in June will be between 4.5% and 5%. “From the end of last month until the current week, the goods that make up the category of the core inflation registers very moderate growth and low volatility“, they added.
If the measurement of June finally reaches that level, It will be the first month of the entire semester in which there will be an acceleration in inflationIt should be noted that in In December, the CPI jumped to 25.5%, in January it slowed to 20.6%, in February it continued on the path of deceleration and reached 13.2%later in March it stood at 11%, in April it was 8.8%, and in May it reached 4.2%.
As for the inflation projections of City analysts(according to the latest Market Expectations Survey (REM) published by the Central Bank at the beginning of the month), A challenging scenario looms. Starting in June, the monthly slowdown will slow down and they predict that it will stagnate above 5% in the next four months.
Source: Ambito
