Inflation: the remarks continue and food accumulates more than 30% in recent weeks

2024-01-05 05:15:00

The The first week of January closed with an inflation of 4.6% in food and beveragesaccording to a report released today by the consulting firm LCG.

In this way, although it slowed down 2.6 percentage points compared to the previous week, the average increase was 30.8% in the last four weeks and 32.5% end to end in the same period.

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Beyond the weekly slowdown, the average inflation continues to accelerate and increased by 3.7 pp in the week, exceeding the 30.8% monthly average.

The study highlights that 9 of the 10 categories reflect monthly inflations greater than 20%and 5 of them are above the monthly average and explain 68% of the total monthly variation.

The foods that increased the most

Regarding 30.8%, the meat category explains a third of inflation, contributing 10.86%. Beverages and infusions with 4.71%, dairy products and eggs with 4.56% and baked goods with 4.1%, complete the items that contributed and impacted the most in the last four weeks, which explains 78.66% of inflation .

In what was the first week of January, the most significant increase occurred in the baked goodswhich with an increase in the week of 9.84% was the most influential category in weekly inflation and together with the carneswhich registered an increase of 4.41%, explained 62% of the week’s increase.

Inflation.

Regarding the percentage of products with weekly increasesthe “positive” is that it decreased for the second consecutive week, reaching 35%.

However, the average for the last four weeks is 41%, which marks the frequency with which prices are highlighted.

For the coming weeks, it will be necessary to study how this week’s fuel increases impact, which influence the logistics costs of the entire chain and might fuel rebranding.

Pending inflation: there are backward prices and advanced prices

The end of price agreements, the first increase in post-ballot gasoline and the 118% rise in the official dollar put pressure on December inflation, which the main private reports calculated between 25 and 31%.

Everything seems to indicate that January will continue with strong pressure on prices. On Thursday, January 11, the official inflation for December measured by the INDEC will be known.

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