2023-10-22 00:39:35
Several of the main appliance houses registered this Saturday a movement greater than usuala product of economic uncertainty and consumers’ intention to «stockearse» before the presidential elections this Sunday.
The phenomenon was accentuated in businesses in the City of Buenos Aires, but it was also observed in places in the suburbs and even in the city of San Juan.where long lines built up at the checkouts throughout the day.
Sector sources explained that the products The most requested were white goods and electronic items, just a couple of hours before the start of the elections. Even in some franchises The lines of consumers exceeded a block in length.
As explained to the Noticias Argentinas agency, the sellers might not cope, which caused a traditional bottleneck in business. Therefore, long lines were generated, as well as columns of cars parked in double rows.
This phenomenon, however, It had already started to be registered in the last few daysaccording to what was reported by the Institute of Mass Consumption Studies (INDECOM) in one of its most recent surveys.
This study, carried out between October 5 and 17, recorded a significant increase in the consumption of food, appliances, travel and household items. For this, 368 retail and wholesale businesses, 125 hotels, 16 real estate agencies, 11 travel agencies, seven long-distance bus companies and three air transport companies were consulted.
Specifically, the sector that registered the greatest jump was food in large supermarket chains and wholesalerswhich recorded an average increase of 22.8.
Given the imminence of the elections and the lack of certainty regarding the direction of the economy, the firms had supply problems with deliveriesin a context also affected by the rise of the parallel exchange rate.
Miguel Calvetehead of INDECOM, explained to the aforementioned news agency that the biggest drawbacks of stock «are seen among the first brands«, which, he assured, «It is very likely that they are cheapening the merchandise to sell it more expensive next week«.
What happens with prices in the run-up to the 2023 elections
The report also emphasized in price markings that they would be thinking regarding doing in some areas starting next Monday, following the presidential elections.
In this context, Calvete anticipated that companies selling electronic items “They are already speculating offline with increases of between 15 and 20% since Monday the 23rd«.
Furthermore, the researcher pointed out that there is a «major shortage of products«, motivated by fear of a new dollar stampede starting next week.
“Companies prefer to reduce supply and even close their doors, speculating that it will be more profitable for them to sell their products starting Monday”lament.
Source: Argentine News
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