Increases in meats were the main impulse of inflation in the second month of the year. In this last week a price stability versus the previous week was observed.
Food and drink inflation accelerated to 3.3% in February, driven by increases in meatsaccording to private sector estimates. It is about higher data since mid -2024.
According to the index prepared by the LCG consultant, in the fourth week of February food prices maintained some stability. However, due to the rise in the previous weeks, the monthly average increase exceeded 3%, something that It did not happen since the fifth of July last year.
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Regarding the variations of this last week, the entity highlighted that the products that promoted the most were vegetables and meats The upward indicator, with increases of 2.4% and 1.6%, respectively. However, falls in dairy prices and drinks, 2.4% and 3.3% respectively, balanced the general average.
In addition, How much the behavior of the mobile average of the last four weeks is analyzed, the meat appears as the great cause of the acceleration of inflation in this segment, from a 6.2%jump. Behind him, in incidence, drinks and dairy, with adjustments of 3.3% and 3.1%.
It is worth clarifying that LCG relieves, by web scraping on Wednesdays, prices of 8,000 Food and Five Supermarkets different. The weighters used correspond to the Consumer Price Index (CPI) structure of the City of Buenos Aires.
Inflation expectations grew, after eight months
The Finance Research Center (CIF) of the Torcuato Di Tella Business School reflected that Inflation expectations for the next 12 months advanced from 41.2% to 41.6%on average. It was thus the first upward movement in eight months.
In this context, it would not be surprising that monthly inflation drills 2% in February. To the mentioned impulse of the flesh are added other items that press to interrupt the disinflation path; Such are the cases of the education division, within the framework of the start of classes, and health.
Even so, there are private entities, such as the Freedom and Progress Foundation, Fmya or Cyt associated, which foresee an IPC below 2%.
Source: Ambito
