Despite the slowdown in inflation, consumption continues with negative numbers, although some channels show a slight improvement compared to the previous month.
Consumption in Argentina continues in negative territory, although it showed a slight improvement during October. According to a private report, the year-on-year drop in consumption was 16.3%a slight increase compared to the 17.1% annual decline recorded in September. For its part, the billing increased by 167.9% compared to the previous month, while the weighted price experienced an increase of 225%.
This month, the most affected industry was once again the food sector with a decrease of 17.4% annually, followed by “basket” at -16.3% and care and cleaning -15.8%. In the variation in consumption by channel, “Kiosks and minimarkets” are once again the most affected channel, as are the chains.
Consumption: the summary of the report
- Generalized drop in consumption of -16.3% vs. previous year. All channels with negative closing in the last two months.
- Beverages fall -15.4% continuing the trend. Driven by alcoholic beverages (-24.3%) and non-alcoholic beverages (-11.7%).
- Food falls -17.4% driven by Non-staple foods falling (-14.5%), Sweets (-21.5%) and Staple foods (-19.2%).
- Personal Care and Cleaning falls -16.3% driven by Home and Clothing Cleaning (-17.5%) and Cosmetics and Toiletries (-15.1%)
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Another indicator showed that consumption continues to decline
Despite the slowdown in inflationconsumption continues to fall. Self-service sales had a contraction 20.4% year-on-year. In the same period, the variation in prices was 197.9%, according to the consulting firm. Scentia. What are the items that fell the most?
If you look at the performance of the big chains of supermarketsin October you see one 20.7% drop in consumption year-on-year at the national level. In the Metropolitan Area of Buenos Aires (AMBA) was slightly lower, 18.2%. In the rest of the provinces reached a considerable drop of 22.8%.
The Scentia report recorded similar downward numbers for smaller self-service stores than the large chains. The average drop in the country was 20.2%24.4% drop in AMBA and 17.8% in the rest of the provinces.
In September, Scentia had registered a similar year-on-year drop of 21.2% in the big ones chains of supermarket and 22.3% for mass consumption as a whole. The year-on-year drop in October, according to Scentia, had a different impact on each product category. The item that fell the most was hygiene products (25.8%), followed by drinks (22.3%) and breakfast (19.3%).
Source: Ambito
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