For the Government, in June there was 0% inflation in some foods and deflation in others

For the Government, in June there was 0% inflation in some foods and deflation in others
For the Government, in June there was 0% inflation in some foods and deflation in others

The presidential spokesman stressed that “for some products” prices have dropped. He also stressed that this phenomenon has not been seen for 25 years.

The presidential spokesman Manuel Adorni He assured this morning that “Some private studies speak of zero inflation in some foods and deflation in others” on the June CPI data that INDEC will officially announce on July 12. He also said that this variation in prices is “a phenomenon that has not been seen in the country for a quarter of a century.”

Despite the spokesman’s opinion, some private consulting firms that monitor food price variations have observed a double-digit increase in some particular products.

According to Focus Market, Damián Di Pace’s consultancy, which measures 682 products of different brands and presentations, “the inflation in mass consumption In the month of June 2024 it was 4.7%. In the breakdown of the food basket, growth has increased by 2.7%, beverages by 4.5% and personal care by 2.5%. In the case of cleaning products, the category has shown an average price decrease of 0.7% in monthly terms. The mass consumption basket in interannual terms advances 242% and 57% in the accumulated year,” the report detailed.

Inflation: The 10 foods that increased the most in June

  • Yogurts 19.5%
  • Broths 15.2%
  • Condiments 14.3%
  • Cream 9.9%
  • Butter 9.6%
  • Spreadable cheeses 7.6%
  • Ready Sauces 6.9%
  • Custards 5.9%
  • Empanada Tapas 5.8%
  • Disinfectants 5.7%.

Inflation: 10 foods that have dropped in price

  • Rice: 31.4%
  • Air freshener: 11.2%
  • Laundry detergent: 8.3%
  • Softeners: 7.9%
  • Toothpastes: 5.5%
  • Breadcrumbs: 4.3%
  • Jam: 2.7%
  • Canned fish: 2.7%
  • Dry pasta: 2.7%
  • Bar soap: 2%.

“The food category, after having reached average year-on-year increases of up to 300%, will slow down to 220% by June 2024. All consumer goods companies They offer promotions, offers and discounts to move excess stock in both the wholesale and retail channels. Going forward, the expectation is that Smaller drop in sales of basic categories with the improvement in wage variation in relation to inflation, although very much pending on the correction of regulated prices in the economy such as rates for public and private services such as prepaid medicine, expenses, education, TV, Internet and cable, among others,” concluded Di Pace.

Source: Ambito

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