2023-07-01 13:17:41
The June inflation would have added the second consecutive month of decelerationin favor of moderation in the rate of increase in food prices, according to a series of private studies.
If this result is verified It will be a favorable scenario for the start of the electoral campaign of the ruling party ahead of the PASO elections on August 13.
Two factors would have been what made this new trend possible, following a first four-month period with a strong upward bias reaching a peak of 8.4% in April.
At the end of that month, there was a jump in the exchange rate that settled it in the $480/490 zone, which sent prices skyrocketing and even paralyzed activity in various items since all price references had been lost.
But from that moment on, and by dint of interventions in financial dollars, the Ministry of Economy managed to control the value of the informal ticket. In fact, the “blue” rose only 5% between May and June, and if we take only June the rise was less than 1%. This stability in the exchange rate resulted in a greater calm in the activity in general and prices were kept at bay. On the other hand, a lower level of consumption also stopped the escalation, since the demand was not willing to validate certain values.
With regard to food, once once more the slower rate was due to lower-than-average increases in the prices of meat and chicken, and a decline in fruits and vegetables that, following the drought, returned to nourish grocery stores and businesses. proximity.
The study by the LCG consulting firm revealed that in the last week of June food prices practically did not rise. Therefore, in June they accumulated a rise of barely 4.1%.
For Ecolatina the dynamic was similar. “We would be seeing a second consecutive month of moderation in inflationary records,” the economist told this outlet. Santiago Manoukian. “Although we have not closed the month yet, we estimate that it will be around 7% and we do not rule out that it may even be below. The good news is also that for us food rose below the average”, highlighted the economist.
While, Eco Go indicated that the general index would give an inflation of 7.4%. For its part, for C&T Consultores “retail prices increased 6.7% in June, below our 8.7% in May but above the 5.3% of June 2022. In the same sense, Libertad y Progreso estimated a monthly increase of 6.8%.
6.8% is the rate anticipated by the Progress and Freedom Foundation. For EcoGo it would be 7.4% and C&T measured a 6.7% rise.
They seek to impose a “freeze” on prices in clothing and electro
To reinforce the tendency of inflation to stabilize and ensure a calm transition until the primary elections, the Minister of Economy, Sergio Massa, advances in the imposition of a virtual price freeze and for this he instructed the Secretary of Commerce, Matías Tombolini, to strengthen the “Fair Prices” program. The segments that, according to official information, are incorporated into this stage and that prices will not change are: appliances, electro, cell phones, footwear, clothing, motorcycles, and bicycles. On the official website, it is counted as another sector incorporated into the “voluntary” fuel agreement with an update of 4.5% monthly, but in June that rule was breached since the oil companies, except for the state-owned YPF, they applied increases of between 6 and 7%.
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