2024-11-04 13:31:00
he Cordoba Warehouse Center reported that Inflation in October from 3,14%, Lowest interest rate in past 49 months.
The entity noted that we have to go back to September 2020 – when inflation was 3.12% – to find a lower percentage than last month.
In addition, the report also revealed that annual inflation rate from 226%which accumulated So far this year 118% and? projected inflation Throughout 2024, 135%.
Business: Cordoba retail sales continue record decline
food basket
about Basic basket totalA family of four would need more than $1,213,090 to avoid falling below the poverty line. As for basic food basketThe figure marking the poverty line reached $653,910.
The latter increased by 3.3% in October, making this item “one of the main drivers of inflation percentage this month” due to its high incidence or statistical weight.
worry about hunger
One of the worrying statistics from the Almaceneros report is that 58.3% of households do not have access to all the foods in the basic food basket (CBA).
Of those who are able to do this, only 25.5% are able to do so with their own resources, while the remaining 74.5% rely on state aid such as AUH and Alimentar cards.
he 11.1% of the respondents revealed that due to lack of resources, someone in their family only eats one meal a day or does not eat for the entire day. and 19.7% He said “his family ran out of food” sometime in October, the report details.
he 30.5% Families interviewed said “Some of its members are hungry but due to lack of resources they are unable to meet the need for food” and 49% What “Some members of your household stop eating breakfast, lunch, snacks, or dinner”.
Córdoba business community seeks to regain centrality in defining public policy
Data analysis and interpretation
“Food consumption results linked to lower inflation levels show a positive trend, pointing to a sustained recovery since May 2024, which reached a record low of -32% in April of the same year.” Recovery averaged one percentage point per month, which indicating a gradual but steady growth rate,” the Grocery Center report said.
Although he later clarified: “However, if this rate continues, it is estimated that it will take 24 months to return to 2023 consumption levels.. “This prospect is worrying for households and unaffordable in many ways for the retail sector as its revenue streams are affected.”
“On the impact of slower inflation on social indicators, Data shows social conditions are not improving. Contrary to expectations, not only was no significant improvement observed over the past twelve months, but there was also a worrying deterioration in some indicators. Others are stalling at critical levels,” the entity explained in another part of the document.
“This trend is particularly concerning in terms of household food security, as economic stability and access to important basic resources such as food are compromised. These indicators continue to remain at precarious levels, putting the quality of life of thousands of households at risk,” Owner Center Summary.
1730728491
#Inflation #Almaceneros #Center #lowest #level #months #households #buy #food
**Interview with Economic Analyst Marta González on Argentina’s Inflation Situation**
**Host:** Welcome, Marta González, economic analyst, to our program. Let’s dive into the latest inflation rate figures in Argentina, especially considering the recent report from the Cordoba Warehouse Center.
**Marta González:** Thank you for having me. It’s a critical time for understanding the economic landscape in Argentina.
**Host:** The report states that inflation in October was recorded at 3.14%, marking the lowest interest rate in nearly four years. What does this mean for consumers?
**Marta González:** Yes, it’s quite significant. A rate of 3.14% is indeed a drop compared to previous months. It suggests a slow but positive trend in controlling inflation after a long period of very high rates. However, annual inflation still stands outrageously high at 226%, signaling that while there may be some stabilization, the overall situation remains dire, especially for low-income families.
**Host:** Speaking of families, the report indicates that a family of four needs over $1.2 million to stay above the poverty line. How does this compare to previous years?
**Marta González:** Unfortunately, this situation highlights the gravity of the crisis. The cost of living has surged, and basic necessities have become unaffordable for many. The increase in the basic food basket by 3.3% in October has been particularly harmful, impacting those already struggling.
**Host:** The statistics also reveal that 58.3% of households cannot access all items in the basic food basket. What solutions do you see for families facing hunger?
**Marta González:** The government’s support through assistance programs like AUH and Alimentar is crucial, as approximately 74.5% of families who can access food rely on state aid. However, long-term solutions are critical. There needs to be a focus on improving economic stability, creating jobs, and addressing the root causes of inflation rather than just relying on temporary aid.
**Host:** It’s alarming that 11.1% of families report only one meal a day or none at all. How can we potentially reverse this trend?
**Marta González:** It involves multiple strategies: investing in local agriculture, improving supply chain efficiencies, and creating employment opportunities. Additionally, the government must work closely with communities to ensure that assistance reaches those most in need and also addresses food insecurity effectively.
**Host:** Thank you, Marta, for the insights. It’s clear that while there are some signs of improvement, many challenges remain for Argentina’s economy and families.
**Marta González:** Thank you for having me. It’s vital to continue monitoring these developments closely.
