A recent study showed that the use of the credit card To buy food, it grew considerably, given the stagnation of wages and the constant increase in the price of said products. Given this scenario, indebtedness appears as an increasingly common exit for those who fail to render their income.
The analysis was performed by the Institute of Social and Economic Statistics and Trends of the Store Center of Córdoba. According to it, during the month of March, nine out of ten families In that province they had to borrow in some way to buy food.
The data are concrete: a 43.5% of respondents He used the credit card to make the purchases of the month. Another 37.8% said they asked for at least once, and 6.2% turned to relatives or nearby people to get money borrowed. That is, more than half of the people could not cover their food with the monthly income.
In this way, the use of the credit card went from being occasional to becoming part of the routine of many families.
How it hit inflation and the dollar the first week without stocks
He Government of Javier Milei formalized, last Monday, the departure of the exchange rate and The establishment of a band scheme – from $ 1000 to $ 1400 – For the value of the dollar. How answer, the currency The week started at $ 1,230 and closed the last business day of $ 1,126 For purchase and $ 1,135 For sale. Consequently, they circulated new price lists with increaseswhile Casa Rosada sought to install a narrative against the rise of the value of the products.
In this scenario, different analysts put the focus on the impact that Milei’s new measures will have on the Argentine economy. Thus, attention is on inflation, after the IPC of INDEC will register a rise in March, when it was 3.7%.
In detail, in this new scenario several economists adjusted their Inflationary projections for Aprilalthough cautiously about what may happen in May, second month after the flexibility of the stocks.
The economist Fausto Spotorno said that the inflation of the current month will close “around 3%”, A fact that is below 3.7% registered in March. “There is, for now, an increase product of the end of the stock. We do hope that in May it will rise,” he explained.
According to its surveys, Spotorno argued that recent government measures will not generate an immediate impact on prices. “In April we expect 2.9%, maybe it reaches 3%. It will be lower than March. In the first fortnight there were significant price drops, in case the tomato drawer, which in March, was $ 50,000 fell to $ 25,000 in April, “he graph.
Inflation: food and drinks rise to the highest level in 8 months
The price of food and drinkswhich usually accompanies the value of parallel dollars, can complicate the aspiration of the government of lower inflation at lower levels of 2% monthly.
Is that, if the data of the second week of April are taken, the price of that segment of the CPI is growing at a level monthly of 4%, which is the highest since September 2024. If the increase curve is analyzed from that time, it shows A “V” with an apartment in January 2025.
The data correspond to the consultant Labor, Capital and Grouth (LCG) for the second week of April, at a time when the United States announced its change in commercial policy against the world and in which the risk of Argentina was enhanced at 1000 points levels.
According to the LCG report, The food rose in the second week of April 0.9% compared to the previous week, the accumulated of the last four weeks reached 4.6% and the average of those four weeks is 3.9%.
In that period, the meat rose 7.5%; dairy and eggs, 5.3%; condiments, 4.7%; and drinks, 4%. All this will impact the general April consumer price index that can hardly show lower data than March, which this afternoon will publish INDEC.
Source: Ambito
