This week it closed with a rise of 0.5%, slowing down compared to the previous one. An LGC report indicates that in the accumulated amount of the first month of the year, the increase is 1.7% in relation to the same period in December.
The second week of January closed with an increase of 0.5% in the food prices and drinks compared to the previous week. That implies a deceleration of more than half a point compared to the first. But so far this month the indicator has accumulated an increase of 1.7%, according to a report from the consultancy Labor, Capital & Grouth (LGC).
“The average monthly increase was 1.3% and in the end-to-end measurement in 2% of the last four weeks,” the study indicates.
In the second week, the dairy and eggs category grew 4.7%; followed by baked goods, 2.1%; fruits, 1.7%; and Vegetables, 0.7%. Instead, condiments and food products, fell -3.2%; oils, -2.1%; -sugar, honey and cocoa, -1.5% and meats, -1.2%.
In this way, the price of food registers an acceleration in the first two weeks compared to the same weeks in December. In the first of December 2024 the increase had been 1% and in the second they had decreased, 0.3%.
Prices: what is expected for 2025
Despite the trend Due to the slowdown in inflation, the market estimates that the Consumer Price Index (CPI) will remain in double digits annually throughout the term of President Javier Milei.so we would have to wait at least until 2028 for the country to reach price variations in line with international levels.
This is how it arises from the last Survey of Market Expectations (REM), based on the Central Bank’s consultations with research centers and financial entities, which projected an average of 10% inflation by 2027, the lowest rate in the four years of the presidential mandate.
REM participants estimated inflation of 2.7% for December, two tenths less than in the previous consultation, and implicitly projected a CPI of 117.8% for all of 2024. one percentage point less than in the previous survey and 93.6 points less than the 211.4% with which 2023 closed.
Regarding the Core CPI, the group of REM participants placed their forecasts for December at 2.6% (-0.1 pp compared to the previous REM) and implicitly at 104.3% for 2024 (same value as the previous survey).
Source: Ambito
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