An ISEPCI study that examines the price increases in neighborhoods in Greater Buenos Aires revealed that there was a great deal of variation in food prices in June.
The prices of the Basic Food Basket (CBA) increased by 2.75% in June and 103.24% in the seven months of Javier Milei’s administration, according to a survey of 57 basic necessity products.
The information comes from a study by ISEPCI, the Institute for Social, Economic and Political Research on Citizens, which analyzes 20 districts of popular neighborhoods in the Greater Buenos Aires.
After April, when there were no increases in food prices, increases were present again in May, rising by more than 6%, and in June the increases were in the order of 2.75%. According to the analyst Isaac Rudnikthis expresses a “path of instability that does not find balance in the price of basic foodstuffs in local shops.”
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The value of the CBA for a family of two adults and two small children, in June reached $371,736.89 versus $361,789 in May. While last November the same family could acquire their CBA for $182,905.48, in the seven months of Milei it increased by 103.24%.
For its part, the cost of the Total Basic Basket (CBT) which covers – in addition to food – a set of essential products for daily life, which for the same family in April was $731,548, in May rose to $803,172, or +9.79%, in June it cost $817,821.16 or 1.82% more than in May, adding +107.97% compared to November 2023.
In June, lVegetable products continued to set the pace for the largest increases: rose by 5.15%. Grocery items increased by 3.34% and meat by 0.23%. Compared to November last year, groceries led the increases with 110.71%, followed by fruits and vegetables with 110.19% while meat increased by 87.78%.
Which foods rose the most in June?
Butcher shop
- 1kg of fish (+113.79%)
- 1kg of liver (+108.33%)
- 1kg of chicken (+107.14%).
- 1kg of minced meat (+89.8%).
- 1kg of shoulder (+89.1%)
Greengrocery
- 1kg of chard (+400%)
- 1kg of lettuce (+333.3%)
- 1kg onion (+200%)
- 1kg of carrot (+166.6%)
- 1kg of pear (+126.6%)
Store
- 100gr of butter (+190.9%)
- 1kg of cream cheese (+187.4%)
- 1kg of Cuartirolo cheese (+175.8%).
- 500gr of coffee (+166%).
- 1kg of grated cheese (+155.3%).
Source: Ambito
