For a box of 48 spirals They ordered up to $94,900 and $33,155 for a spray at Mercado Libre repellent of extra duration.
The fear of denguewhich has already detected 180,000 cases and 130 deaths, has triggered the purchase of this type of products that already carry lean weeks and the answer is those crazy prices that multiply the worries of families.
The Government responded by authorizing the importation of repellents for 30 days at the official wholesale dollar price of $861, in an attempt to supply a market characterized by a stampede of demand which, on the supply side, found only one escape price rush. .
In the formula used by economists PxQ where p are the prices and q are the quantities, The supply has disappeared and prices have skyrocketed due to the lack of response or use by companies and businesses. The absence of competition flares up in the heat of a shares in dollars which continues to play its part in a closed market.
The case of repellent for over $30,000 it’s part of a strong moment of change in the composition of family spending with a violent and accelerated adjustment in which all prices in the basket have risen and continue to rise in the face of delayed retirements and salaries.
The blow to the pockets of food, fuel (the step towards super premium petrol (contemporaneous with the decline in consumption), private schools, prepaid and now spirals and repellents also lead to the dismantling of the dollar “pipe” to finance the blow to consumption.
The point of sale of “mattress dollars” It helps to overcome the leap in inflation and implies a strong change in the saving habit compared to 2023, when Sergio Massa’s “plan plaita” encouraged Argentines to the idea of consume as a form of saving.
In the latter part of last year pesos burned people’s hands and the idea of purchasing durable goods to protect against inflation was common.
Now the return of the bell in consumption finds companies and businesses that have not only exaggerated with price increases. trying to rebuild profit margins but also due to the disorientation faced with the decline in sales and the increase in costs.
A case that can serve as an example is that of the automotive companies that are now trying to finance sales in installments to cope with the strike. And will bank loans for private projects, except in the rural, mining or exportable sectors, appear to finance the purchase of mobile phones or other consumer durables? Will the domestic market be able to recover before the end of the year?
A calculation by the Abeceb consultancy firm leads to a conclusive result: take four elements important aspects of family spending: fuel, rent, tariffs (electricity, gas and transport) and private services (schools, prepaid, etc.).
To this set of goods and services, in 2023, No more than 40% of the average salary has been allocated, while this year 60% of income will be allocated.
Prices of goods and services rise and the dollar falls (blue below $1,000 gives more than 20% since the end of January) and this new scenario must be considered with more possibilities by the decision of president Javier Milei not to devalue the peso and, presumably, to maintain the 2% monthly increase in the official dollar for April and May.
The fact that the Central Bank purchased 12,000 million dollars during the management Luis Caputo in Economy encourages the government to continue betting on maintaining the exchange rate stable to see if, finally, in May it will be able to bring inflation back to single digits.
The blue falls due to the lack of pesos and the restriction of family consumption is reinforced by announcements of average increases of 460% for gas, which could multiply in winter, or 300% for electricity.
The adjustment is in full swing and dollar inflation is taking place within a scheme which, with shares on the stock exchange, gives the government the possibility of replenishing the Central Bank’s reserves but which, at the same time, distorts a pricing pattern which has taken a sudden turn and which still does not find a balance.
Source: Clarin
