Analytics survey for the second week of the current month resulted in almost a stability in food and beverage prices (0.04%drop). The products that were most drawn down were vegetables and fruitswith setbacks of 2.2% and 1.6%, respectively, while a negative variation in fish.
At the other extreme, the main upward incidents was given beverages (+1.2%) and breads and cereals (+0.3%).
Thus, In the last four weeks (which contemplates April and two of May), the prices of the main division of the CPI rose 1.9%. The lower rats were verified in oils (+1%), fruits (1%) and fish (+1.2%)while only two groups of products increased above average: infusions (+2.8%) and meats (+2.5%).
“For the general price level we project a monthly rise of 2.1% during May”predicted the consultant.
The rest of the consultants also foresees a slowdown in inflation
This week LCG published its own estimate for the price of food, which showed a 1.6% drop in the second week of May, driven by setbacks in meats, dairy and vegetables. This left an average increase of 0.7% for the last four weeks.
“On the average of the last four weeks, 71% of the products of the relieved basket remained without price variations,” the report said.
For its part, Ecogo projected 0.4% food inflation for the second week of the month and Avizora 2.2% for all May.
In addition, Econviews relieved a 1.5% rise in food for the last four weeks, with a price setback of 0.2% in the most recentexplained fundamentally because of the casualties in vegetables.
“At the beginning of the month, The Government decided to lower the fuel price for the fall in the international price of oil. The alternative was to raise the tax component of the price, but it was chosen to leave it without changes. This low It would subtract about 0.08 points to the general CPI“said the consultant.
Source: Ambito
