This is demonstrated by the preliminary data on inflation for January prices went down a notchdriven by the marked drop in consumption which puts an end to the rebranding.
The Orlando Ferres y Asociados (OJF) High Frequency Inflation Survey gave 1.4% in the third week of January, the lowest record in 4 months, according to the consultancy firm. But still this index accumulate an advance of 15.4% in three weeks, “with a statistical slowdown of 7.7% since December,” they said.
Last month official inflation reached the level of 25.5% and added 211% for the year. For 2024, the Market Expectations Survey (REM), which the Central Bank releases month by month, estimates an annual index of 213%, with a decline in activity of 2.6%.
In tune, marks the Eco Go retail price survey for the second week of January a weekly dietary variation of 4.8%. And it is expected to reach 21.3% in the month. Therefore, for Marina Dal Poggetto’s consultancy firm, The overall projection for January is 19.8%.
A similar trend was noted by the consultancy firm LCG. In the third week of January, the LCG survey of food and beverage prices scored a slowdown in inflation by 1.6 points, reaching a weekly variation of 2.1%. In the third week of December the weekly change was 11%. So far this month, the food category has racked up a 10.7% increase. According to INDEC measurement, this item increased by 29.7% in December.
The slowdown noted in the comments is linked to the slowdown that is being recorded in consumption. From a survey by the consultancy firm Scentia, which measures mass consumption in supermarkets month by month, it emerges that in the first half of January Sales at these stores fell by 12%. All year long, Forecasts indicate a drop in mass consumption of 7%
They also report it from the Chamber of Fuel Distributors a 20% drop in sales this month, and at the same time, a 1 or 2% drop in prices, which have seen an increase of 140% in the last two months.
“With the December minimum threshold, regulated (petrol, prepaid at 40%), pending price adjustments, inflation remains stable at the weekly rate of 4%. Thus, in January “The consumer price index would fall to 24%, and we do not rule out a further slowdown to 22%” says consultancy firm FMyA.
Source: Clarin
