Inflation in August: Food already accumulates 3% increases in the first two weeks

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Inflation in August: Food already accumulates 3% increases in the first two weeks

According to the estimate of the consultancy EcoGo, inflation of food consumed at home in August would reach 5.6% per month. EFE / Juan Ignacio Roncoroni

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Inflation does not stop and worries more and more. In July, the index was 7.4%, the highest in the last 20 years. For August the projections are better, but the price hike continues to rise. of the essential, the value of food in the first two weeks of August rose by almost 3%and in the last four weeks they have already accumulated 6.8%.

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The data comes from a survey by consultancy LCG, which measures 8,000 foods across five retail chains. From that report, however, information emerges that could be read as a good sign: during the second week the reselection rate decreased, which was 0.74%, well below the 2.1% that marked the First week.

Another document, that of the consultant of Marina dal Poggetto, states that “the arrival of the new Superminister seems to have brought a bit of calm to the financial markets – albeit with little horizon if a plan is not defined shortly – and on real economy (no) reacted accordingly. After the strong rises in July, August starts more moderately “.

Thus exposed the survey corresponding to the first week of August a 1.1% change in food prices compared to the previous week. This implies a slowdown in the rate.

With these data and considering a projected variation of 1.4% for the remaining weeks, inflation of food consumed at home in August would reach 5.6% monthly.

According to the RPM projection prepared by the consultancy EcoGO, on a general level, inflation in August would be 6.1% led by both the July carryover and by the increase in prepaid (11.34%), college in PBA (9%), AMBA train and bus fares (40%) Y expenses (between 6% and 10%).

The political ups and downs of July left a new secretary at the helm of the Ministry of Commerce -now unified to Foreign Trade- and after the brief passage of Guillermo Hang and Martin Pollera, the place now belongs to Matías Tombolini. He assured that he will try to relaunch the Care Prices program, underlining the idea that these function as reference prices and not frozen, and giving it back the footprint it had under the management of Augusto Costa in 2014/15 “, details the report by la direct advice from the economist Marina dal Poggetto.

Inflation: which foods have risen the most

According to the work of LCG, drinks and infusions to be consumed at home contributed 0.54 percentage points to the weekly increase in the food basket.

Three categories within the category, baked goods, ready meals and meats, on the other hand, prices fell after the sharp rises at the beginning of the month.

Which products have risen the most:

  • Drinks and infusions to be consumed at home: 3.8%
  • Condiments and other food products: 3.4%
  • Sugar, honey, sweets and cocoa: 3%
  • Oils: 2.4%
  • Vegetables: 2.1%
  • Fruit: 1.8%
  • Dairy products and eggs: 0.7%

Inflation: which products have fallen

  • Meat: -0.3%
  • Takeaway ready meals: -0.5%
  • Baked goods, cereals and pasta: -1%.

What happened the first week, according to EcoGo

meats: the category continues to lead the overall indicator downwards, registering an increase of just 0.2% in the first week of the month. While beef and chicken increased by 0.1% and 0.2% respectively, the largest increase was recorded in cured meats with an increase of 0.8%.

Fruits and vegetables: in the first week of the month both fruit and vegetables showed a slight acceleration compared to the previous week, recording increases of 2.9% and 1.9% respectively. In these categories stand out apples (6.5%), potatoes (2.7%) – affected by heavy rains recorded in some production areas – and other fresh and frozen fruit (3.7%).

Dairy products and eggs The category: Dairy and Eggs recorded a 0.7% increase in the first week of Augustfed by eggs which, due to the increase in packaging and food balance, showed an increase of 6.8%.


Source: Clarin

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