For food, March inflation would be greater than February

For food, March inflation would be greater than February

Despite the controlled dollar and the rates contained, the March CPI would show slight acceleration. It would be above the 2.4% they threw last month.

Mariano Fuchila

The March inflation It would have accelerated in relation to the February data, when the Consumer Price Index (CPI) It marked 2.4% monthly. While the official data will be published this Friday by the INDECboth private surveys and public statistics already anticipate a variation greater than 2.5%, mainly driven by Increases in food and drinks.

In the Autonomous City of Buenos Airesfor example, the CPI was 3.2%, with a strong prominence of the item food and drinkswhich climbed 4.7% and explained more than 0.8 points of the total rise. This behavior was replicated in different areas of the country, according to private consultants.

What do private consultants project

  • C&T Economic Advisors estimated inflation from 2.7% in GBAwith an increase of 5.4% in food. The vegetables and fruits They headed the rises, partly because of the rains that affected the offer.

  • Ecogo also projected a rise in 2.7%and warned that, despite the containment of rates and the 1% monthly crawling, the CPI still does not pierce the 2% floor.

  • Balances calculated a 2.6%with strong incidence of seasonal items such as vegetables and clothing.

  • ANALYTICS He estimated a 2.5%with increases marked in vegetables (+13.6%) and meats (+4%).

  • The highest was the measurement of Orlando J. Ferreres y Asociadoswho marked a 2.9%highlighting rises in education (+5.4%), food and drinks (+4.9%) and clothing (+4%).

Instead, Freedom and Progress Foundation He argued that the March increase would have been equal to that of February, around the 2.4%Although he acknowledged that the month had an acceleration phase until the second week.

Food does not give truce

The increase in the cost of food remains the main pressure factor on the general index. The consultants agree that fresh products, such as fruits and vegetablesmore than average were more expensive, and that this dynamic could be maintained in April if it does not improve the offer.

Despite the official policy of postpone tariff increases and to keep the exchange rate stable, the price progress resists lowering the 2%threshold, and reflects that they still persist Structural pressures About inflation.

Source: Ambito

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