The consulting firm Analytica estimated an increase of 0.3%. Based on this variation, the new projection of general inflation for September was set at 3.8%.
Food and beverage inflation slowed in the second week of SeptemberPrivate consulting firms are beginning to estimate a price increase in September of just under 4%.
According to a survey conducted by Analytica, food prices rose by 0.3% in the last week. The variations that put the most upward pressure were those of fish (+4.4%), fruit (+1.2%)beverages (+0.7%) and meats (+0.2%). There were also falls in oils, dairy products and vegetables.
It is worth remembering that In the last three weeks, prices in this division had shown increases of 0.8%, 0.7% and 0.9%respectively. In this way, The four-week average was 3%with notable increases of 6.2% in “other foods” and 5.1% in fruits.
Food inflation
From this data, The entity expects inflation of 3.8% in SeptemberThe figure is similar to that projected by other consulting firms.
Indeed, CP agreed with Analytica that the first two weeks of September showed a slowdown in increases, totaling 0.8% and 0.3%.The increase at the end of August and the decrease in the PAIS Tax could explain the dynamics“, they explained, although they clarified that “for the moment it is a one-time effect, since the indexation mechanisms of the economy are still present in the price dynamics.”
In the past 4 weeks, the largest increases reported by CP were seen in Fruits (+8.3%, due to seasonal factors) and bread and cereals (+5.9%). On the other hand, vegetables were under pressure.
Inflation exceeded market expectations in August
It is worth remembering that this week the INDEC reported that The Consumer Price Index (CPI) rose 4.2% in August, when the private sector expected 3.9%according to the latest Market Expectations Survey (REM) from the Central Bank (BCRA).
Increases in services accounted for most of the variation. Within these, They highlighted increases in regulated prices such as rent, electricity and gas rates, and public transport tickets in the Metropolitan Area of Buenos Aires (AMBA).
Source: Ambito
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