August started with an acceleration in food prices

August started with an acceleration in food prices

According to the usual report of the consulting firm Labor Capital & Grouth (LCG), the value of food rose 1.3% during this week.

It is about the increase highest since the first week of July, when the jump was 1.8%. Then in the following weeks it rose by an average of 0.5%.

If measured The average increase over the last four weeks was 2.8%. In the first week of August what The dairy and egg sector rose the most with 3.5%, followed by drinks and infusions with the 2.6%; meats, 1.3% and ready-to-go meals, 1.1%.

Among the products that They fell, vegetables, 3.8% and condiments, 3.7%.

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According to the Market Expectations Survey (REM) prepared by the Central Bank Among the top 40 consultants and foundations in the marketthe expected inflation is 3.8%, while the 10 that have best adjusted their forecasts predict 3.6%.

The government expects prices to continue to fall in the coming months. According to the Minister of Economy, Speaking to stockbrokers a few days ago, Luis Caputo expects the CPI to be around 1% in September.

He also assured them that The August figure will be the lowest of the year. For this, we must take into account the inflation rate in May, which was 4.2%. In June, it rose to 4.6%.

According to estimates by the Freedom and Progress Foundation (LyP) in July prices rose 3.8%which implied a slowdown of 0.8 percentage points compared to the official measurement of June (4.6%).

In this way, in the first half of the year the CPI accumulates an increase of 86.7%The year-on-year change reached 262.8%, marking the third consecutive slowdown.

This The slowdown is explained by the absence of large increases in regulated prices, which translated into an index closer to the core inflation, which was around 3.5%.

Source: Ambito

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