2023-10-31 19:23:12
Increases in the inflation rate are rooted in different factors that have to do with the economy. In order to expand this panorama, this medium contacted the economist and director of CEPA, Hernan Letcherwho targeted the companies that produce the majority of products found on the shelves for marking up prices.
“Some consulting companies talk about 9 or 10% inflation, that is, there would be a process of certain disinflation compared to the previous two months,” commented Hernán Letcher, who later added: “The main concern that has skewed inflation in the last two months has been the price of beefwhich especially last month, if it had not increased, inflation would be close to 10%.”
During September something happened that had never happened in the meat sector
Subsequently, Letcher stated: “Last month something happened that had never happened in the recent history of the dynamics of the meat market and that is that The price of the property market fell but it rose on the counter”. Then, he stated that, “it fell between peaks 15% in the finance market and rose 20% in the counter.”
20 companies produce 75% of what is sold on shelves
“In Argentina we have 20 companies that make or produce 75% of what we have on the shelf“said the interviewee. In relation to this issue, he expressed that, “in the process of price formation, the companies that remarked do not look at the cover of the newspaper, they see that the blue dollar has escaped and then they remark, it is the other way around, that is, They previously highlighted in a speculative scheme where everything suits them”.
On the other hand, the director of CEPA pointed out that, “if you have a candidate who tells you that he is going to dollarize and in practice everyone knows that this means a significant jump in the exchange rate, It is natural that you have tensions about the exchange rate but also inflationary tensions to try to adapt to that process.”
“The Fair Prices program does not solve the universe of economic problems and much less in a context of high inflation like the one we are in now,” he concluded.
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