A study revealed that the decline is the most pronounced in recent years. Neither offers nor discounts have improved the outlook for supermarkets and self-service stores.
During the month of August, a record drop in supermarket consumption was recorded, surpassing any other contraction analyzed during Javier Milei’s management. Sales in supermarkets and self-service stores fell 17.2% in volume compared to the same month in 2023, marking the sharpest year-on-year decline in recent years.
According to the Scentia consultant, the collapse of the 17.2% year-on-year in August is the result of the sum of two main channels: the supermarketswhich recorded a fall of 17.9%and the self-serviceswho suffered a drop of 16.5%. These numbers are disturbing, especially when you consider that by August 2023 supermarkets had grown by 14.1%while self-service stores contracted by 3.2%. He annual cumulative already exceeds the 10 negative points.
The weighted average price has been adjusted, standing at less than 200%, indicating that prices are following the downward trend of inflation, but are failing to revive consumption.
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Consumption: which sectors had the greatest contraction?
The report reveals the particularities of this deep contraction in consumption, highlighting the drop in sales in chain supermarkets It was higher in the interior of the country (-19.2%) than in the AMBA districts (-16.5%).
Discriminated by “baskets”, the areas that experienced the greatest setbacks were Alcoholic and non-alcoholic beverages (-24.3% and -24.7%, respectively), Hygiene and Cosmetics (-20.1%) and Household Cleaning (-15.9%)), while the heading Food fell by 12.4% in relation to the month of August 2023.
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Source: Ambito
