Food and soft drinks are the items that more flu in the consumer price index (CPI). They range from 23.4% of Capital and GBA to 35.3% of NEA. They have a 100% impact on the basket of poverty and on average 45% in the poverty basket, highlighting the NEA with 47%.
With this level of impact and an average inflation of 8.4%, food and non-alcoholic beverages rose 10.1%.
Thus, food and beverage prices continue to lead these first 4 months with the 41.2% compared to average inflation (+32%) hitting the salaried and low-income sectors hardest.
Vegetables lead the increase in food this first quarter with 60.1%, followed by fruits 54.6%, meats 52.8% and dairy products 36.0%, in Capital and GBA.
In the structure of family expenses, and which the INDEC reduces to calculate the Consumer Price Index, These 4 food items stand out, with prices rising well above the rest.
Also, the fair prices or care They are not relevant in measuring the INDEC, nor in family spending. And they predict a sharp rise in the value of the baskets of indigence and poverty that the agency will report in the coming days.
“The surveyed prices that are part of the agreement programs between the state and the business sector for the month of April they represent 3.27% of the total prices surveyed in the GBA. The presence of these prices in the sample does not depend on the investigation decisions. In general, products that are part of a price agreement are updated periodically and the included presentations are changed. “clarifies the INDEC.
Thus, the right or careful prices have a minimal impact on the family budget, with the aggravating circumstance that they do not reach nearby businesses, where mainly the poorest and most vulnerable families shop, and in the large supermarkets the offer of these products is scarce, irregular or insufficient.
These data anticipate that the values of the baskets of indigence and poverty for April, which will be released in the next few days, should exceed 10% (in the City of Buenos Aires it was 11%), demonstrating that the current inflation affects more strength to the fixed-income and low-income sectors.
As a result, although the government has granted bonuses to the most vulnerable sectors, these income increases are offset by the speed and scale of food price increases, which herald a renewed increase in measures of destitution and poverty.
Charles Arterburn is a seasoned business journalist for News Rebeat, where he provides comprehensive coverage of the latest trends and developments in the world of finance and economics.