The October inflation this year, which managed to break through the 3% monthly barrier to reach 2.7%, represented an incentive for the Government in its objective of achieving the price stability. However, the first indicators for the month of December recorded an increase in food and drinkswithin the framework of the end of year parties.
The consulting firm LCG detected that in these areas there was a average increase of 1% in the last weekwhich represents 0.9% more than the final days of November. With that increase, the rise monthly It would reach 2.6% in food.
In that sense, the products that suffered the most price variation were those that make up the category “Drinks and infusions to consume at home”around 5.6%; while it was seconded by “Dairy products and eggs”with an increase of 4%. The increase in oils (0.7%) and meats (0.5%).
On the other hand, there were price reduction of “Products of bread, cereals and pasta (-0.2%), “Sugarhoney, sweets and cocoa” (-1.7%), “Condiments and other food products” (-2.2%), “Fruit” (-2.9%) and “Vegetables” (-3.4%).
Consumption in the Government of Javier Milei
Argentina registered a significant drop in 2024 in the food consumption and of other goodsdue to the impact that some of the measures implemented in the first year of management had on households. Javier Milei, with the aim of achieving stabilization macroeconomic.
During the course of the year, they distinguished themselves different stages that showed the effects on the purchases of Argentines, where in the first trimester There was an increase in inflation that remained at double-digit levels, although with a progressive decline: January 20.6%, February 13.2% and March 11%.
In it first trimester there was a consumption contraction of greater magnitude, which reached a drops around 30% both in supermarket and self-service sales, as well as in retail stores from different areas. Starting in April, inflation was reduced to single digits, until reaching the latest data of 2.7% in October, as measured by Consumer Price Index (IPC) of INDEC.
The decisions that have been observed to date have generated a rearrangement in the availability of products and prices on the shelves. Within the October CPI, food, beverages and transportation had a rise of 1.2%below the general level; However, the cost of housing, water, electricity, gas and other fuels is the item that most increase with an increase of 5.4% monthly.
Regarding the mass consumptionat the beginning of the year there was a drop around 30% in the purchase of the four categories that make up this segment: food, beverages, personal hygiene and cleaning. This sector presented a decline which, according to data from Nielsen and Scentia, has already hit the bottom and is around 15%.
Source: Ambito
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