The exchange difference with Argentina continues to increase and, after the new shot of the Dolar blue in the neighboring country, the price gap reached at least 199%, according to estimates from the Catholic University of Uruguay (UCU).
From the entity, which in its last survey had measured this indicator at 126% and downwards, clarified that the price gap It increased after the jump of the US currency in the parallel market of the neighboring country, which jumped 125 Argentine pesos in two days after the primary elections and touched the new historical maximum of 730 Argentine pesos.
That rise from Dolar blue, which reached 20.7% in two days after the victory of javier milei in the STEP of Argentina, it brought the gap with the official exchange rate in that country to 108.6%, when compared to the BNA dollar, which trades at 365.50 Argentine pesos.
“In the last study the gap gave us 126%. If we consider the rise in Dolar blue now, the exchange difference it goes to 199%. It is greatly expanded with the current blue exchange rate,” he assured Telemundo Gimena Abreu, of the Economic Observatory of the UCU.
When evaluating the gap by product, the greatest price difference occurs in the Miscellaneous Goods category (which includes the hygiene basket), where it reaches 233%; followed by Alcoholic Beverages and Tobacco, with 209%; Household Products, with 179%; and Food and Non-Alcoholic Beverages, with 123%. Besides, Abreu highlighted that “another important category that leads people to cross is the price of the gasoline, diesel and covered, whose difference was 118%”, without counting the value of the Dolar blue current, he specified.
The exchange difference is one of the biggest challenges, alert from Salto
The President of the Commercial and Industrial Center of Salto (CCIS), Vera Facchin, He specified days ago in dialogue with Ámbito.com that the exchange difference is “one of the biggest challenges”, since it affects the sales of the majority of the businesses on the coast, with 7 out of 10 businesses falling.
The combo of complications that comes with the price gap includes “a contraction in the levels of sales of shops and also destruction of employment”, analyzed Facchin, who pointed out that “the trend is for a dollar that it continues to grow and, the greater the difference, the lower the consumption in the city”.
This situation has a full impact on consumption, to such an extent that a study by the consulting firm Exante specified that the exchange difference will take half of the consumer spending of the Uruguayans, expected in the order of 3%, since 1.5% will occur outside the borders.
Source: Ambito
