The latest data offered by the INDEC on inflation for November confirmed the upward trend in wages in the last part of the year, despite a slowdown compared to October.
If the analysts’ estimate is fulfilled, the December variation could register an increase compared to November – which slowed down by 2.5% – and would be in line with what happened in September and October. According to the latest report from the consulting firm EcoGo, core inflation registered an advance and closed at 4.2% due to the increase in items such as meat (up 10%), household items and services for the home.
For Ecolatina, inflation accelerated by 0.5p.p compared to the previous month, exhibiting the highest variation since April 2021. In this way, it would have accumulated 49.5% in the twelve months of 2021, accelerating almost 15 pp with respect to to 2020.
After the price agreement, the first analyzes agree that they helped to contain prices in the month of November but the impact would not have been so strong in the last month of the year with increases in baked goods (3%), non-alcoholic beverages (3 , 9%), among others.
Throughout the year that ended, the main relative prices such as the official exchange rate (+ 27%) and the prices of public services evolved well below inflation. Against this background, the 2022 inflation floor is approaching the 50% zone again.
New stage of Care Prices
The Secretary of Internal Trade formally launched the new program Care Prices -composed of a list of 1,321 products- and warned that it will carry out controls to ensure compliance with the supply and values set on the shelves. L
The price stabilization program is in effect annually with a quarterly review. This first stage contemplates an average monthly guideline of 2% for all products and will be in effect until April 7.
The new list includes store items, cleaning, bookstore, perfumery, personal care and hygiene, items for babies, pets, fresh (dairy, cold cuts, fresh pasta, empanadas and cake tops), frozen items and beverages, among others. The renewed list includes a wide range of essential products for everyday purchases and consumption, such as 45 varieties of milk (long life, children’s, flavored, fluid and powdered), 22 herbal presentations, 6 mold bakeries. , 24 types and sizes of disposable diapers and 33 varieties of dry pasta packages, among other essential items.
Source From: Ambito
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