He March inflation index It is heading to have a slight result above Februaryas they recognize it from the offices of the Casa Rosada. One of the indicators, The price of food and drinksanticipates a still negative result for government intentions to reach an indicator drilles 2 percent.
According to the consultant Labour Capital & Growth (LCG), which in the second week of March the price of food and beverages nationwide hit the largest jump in a year, with 2.4% compared to the previous week.
With that data, the average of the last four weeks would indicate that the cost of that item rises to a rate of 3.4% year -on -year.
The products that rose the most in the week were drinks and infusions with 5%; Sugar, 4.2% and meat, 3.5%. In fact, the meat rise impacts at 1 point on the general index of LCG.
The report adds that when taking the Last four weeks meat and dairy ups almost 5% and explain 70% of the increase of food and drinks. Vegetables increased 3.4%.
The IPC above 2% in March
With that data it seems unfeasible that the March Consumer Price Index has a lower result than Februarywhich was 2.4%. Remember that in January had been 2.2%. If the prediction is fulfilled, the inflation of the last six months remained above 2%indicating a serious resistance to piercing that floor.
In fact, it seems that Central Bank’s decision to decelerate the “Crawling Peg” 1% to mark a new base on prices did not have much effect, probably, The sensitivity of food to the mobility of parallel dollars.
According to him two -week survey of the consultant balances, The projected inflation would be 2.5%. In the second week of March, retail prices in the general panel rose 0.6% compared to the previous week, reports the consultant.
It should be remembered that in the first bimester The accumulated inflation was 4.7%, but food grew 5.2%, It is still marking a tendency to overheating the most sensitive sector of the family basket.
Source: Ambito
