The strong increase in meats (+2%) and vegetables (+4%), after a week previous with weekly falls, explained almost half of this week’s inflation in food and drinks.
The Food inflation He accelerated strongly in the third week of May when he reached 2.1%but in the average four weeks it continues at a low level, around 0.2%, according to the measurement of the LCG consultant. It happens after the Deflation of the previous weekwhen the food and drink price index dropped 1.6%.
The Government may continue to celebrate a good economic fact, just five months after National Legislative Electionswhere the Half of the Chamber of Deputies and a third of the Senate.
The strong increase in meats (+2%) and vegetables (+4%), after a week previous with weekly falls, They explained almost half of this week’s inflation in food and drinks (+2.1%). In incidence, he followed the rise in bakery, cereals and pasta, which increased 2%.
Among the increases of the third week, they also stood out sugar (+5.3%), Take meals (+2.5%) and dairy products and eggs (+1.9%).
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Although the percentage of products without price variation remains about 70%, the gap is extended between those that increased and those presented price drops: 20%and 11%, respectively.
In that line, LCG He emphasizes that “price variations presented less dispersion and greater bias to positive values, compared to the previous week.”
Accumulated inflation of May
Despite the Weekly accelerationthe average monthly inflation of the four weeks continued to descend, located in 0.2%, as an effect of a high base in April and the strong deceleration of the beginning of May.
In the three weeks of May, the Drinks increased 3.8%although that rise was compensated by the strong vegetable fallwhich reached 6.7%. The advance of sugar (+4%) and oils (+2.7%), while eggs 1.5%yielded.
Source: Ambito
