The meat hit another jump and food prices accelerated in the third week of February

The meat hit another jump and food prices accelerated in the third week of February

The Meat, dairy and drinks hit a new jump and the Food inflation He accelerated strong and in the third week of February he recorded an advance of 1.8%after a decline 0.1% In the second and a rise 23% In the first, according to the measurement of Labor Capital & Growth (LGC). In this way, the increase monthly average was 2.5%the consultant emphasized.

Within the increases the item of Drinks and infusions to consume at home (+5.2%), followed by dairy products and eggs (+2.6%) and meat (+2.1%). At the other extreme, there was a fall of fruit (-1.1%) and Sugar, honey, sweets and cocoa (-4.8%).

Strong food rise, explained by the jump of meat

“Meats, with an average rise of almost 5% in the month, is explaining more than half of monthly food inflation”highlighted from LCG.

In the first week of February the meat jumped 3.9% and in the third it did 2.1%. Thus, accumulate 4.7% rise in the first three weeks of the second month of the year.

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With these data, Average food inflation is accelerated to 2.5%as explained by the consultant. For its part, the Consumer Price Index It would be located around 2.2%, As economist Melisa Salas, from LCG.

Inflation for February: how much the consultants estimate

The February inflation fact, according to the different analyzes, could range between the 1.9% -If it was the 2.2% would entail the variation of January- and the 2.6%already with an acceleration compared to the first month of the year. In February, in addition to the drag of Non -alcoholic food and drinks After the rise of the meatthe increase in education For the seasonal factor of the start of classes and an update in the field health.

According to the measurement of Ecogo, the General inflation It would be located in 2.6%. “For the general price level we project a monthly rise of 2.4% during February”they pointed to Scope from ANALYTICSwith an advance of 2.5% in food After the rise of the meat And a decline vegetables of the 0.6%.

In it Survey of the Central Bank Market (BCRA)meanwhile, it was estimated that the February inflation would be located in the 2.1%. From the Freedom and Progress Foundationthey project a 1.9% guide in February, while Fmya they foresee that the IPC reach 1.9%.

Source: Ambito

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