The data was released by the LCG consultancy firm, which reveals the rise in food prices week by week.
Food inflation eased in the second week of July: which prices rose the most and the least.
Reuters
Food and beverage prices rose 0.5% during the second week of July, recording the lowest weekly variation in the last five measurements, according to the survey conducted by the consulting firm LCG.
The average increase over the last 4 weeks averaged 3.9% from end to end. “Meat consumption was partially offset by the drop in vegetable consumption, and the rise in vegetable consumption was offset by fruit,” the consultancy firm said.
23% of products showed declines, 4 percentage points more than the previous week.
Both the average monthly inflation and the measurement between peaks, They showed a marginal slowdown compared to the previous week, standing at 3.9% in both cases.
Inflation: the market anticipated the June figure
Most consulting firms estimated that Inflation halted its deceleration path in June by being located at a monthly rate close to 5%. In addition, Early projections for July indicate that the number could return to the 4% rangedue to lower increases in regulated prices, but indicating higher increases in food.
PromptlyAmbit monitored the following private sector projections for the cumulative sixth month of 2024:
- PPI 5.8%
- Balance: 5.5%
- LCG 5.2%
- CyT: 4.9%
Source: Ambito
