Although deflation was noted in food and beverages, the last four weeks recorded an increase of 1.6% and 2%.
Report from a consulting firm on food prices.
Mariano Fuchila
The LCG consulting published an analysis where he detailed that The price of food during the third week of October fell 0.1%. Anyway, accumulates an increase of 1.6% and 2% in the last four weeks.
This decline during the third week of the tenth month of the year is due to a sharp drop of 4.7% around “drinks and infusions to consume at home”; as well as a 0.9% decline in “dairy products and eggs”.
For its part, the meat category rose 1.4%, fruits 1%, baked goods 0.3% and vegetables 0.2%. In addition, the report highlighted that the number of products without price variations was reduced by almost 6 pp, mainly in favor of products that registered price decreases.
lcg report.webp
October inflation expectations
This slowdown is in line with the Government’s hope for October inflation, which They intend for it to be located on the edge of 3%. In turn, the marginal drop in the price of fuel, the moderation of the rate increase and the fall in wholesale inflation due to the 2% reduction in the PAIS Tax fuel these expectations.
At the IDEA colloquium, Javier Milei promised that inflation will continue to fall with the objective of being able to lift the stocks, in addition to highlighting the 2% of wholesale inflation that was known this week.
In addition, the consultant Analytics It also published a report, where it measured a weekly variation of 0.3% in food and beverage prices for the same period in October, with a four-week average of 2.3%. The categories with the greatest increase were Coffee, tea, yerba and cocoa (4%), mineral waters and soft drinks (3.7%) and fruits (+3.6%). On the other hand, there were decreases in the prices of fish and seafood (-0.6%) and vegetables (-0.9).
Source: Ambito
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