Food inflation accelerated last week and they expect the month to close by around 6%.
For LCG, the May issue will be similar to the April figure, while other consultants predict it will decrease by one percentage point.
Frequency of division Food and drink Non-alcoholic beverages in the Consumer Price Index (CPI), measured by Indec, will remain strong in May, according to a survey by consulting firm LCG. According to the usual research of the item, Go upstairs The average of the food category is a 2.05% last week, up 0.83 percentage points from the previous seven days.
Thus, the Consultant Food and Beverage Index presented a monthly inflation average of 5.1% over the last four weeks and up to 5.4% points over the same period, and May end up at 6% As calculated Guido Lorenzo, Director of LCG.
“If we continue at this pace, inflation will be up to 6% in May, and we expect a similar amount in terms of food. “As for annual inflation, we expect 75%,” Lorenzo said in the dialogue. ᲔᲠᲘ.
Thus, for LCG, the May figures will be similar to the April figures, for the month when average inflation was 6% and for food 5.9%, implying a slowdown compared to March (7.2%) and February (7.5%).
In turn, Camilo Tiscornia, Georgia C&T Economic Advisors, Said that May headline inflation will be around 5% And that Food, Which grow from the end of April, They too will be close to that number.
“In the second week of May, the food category gave us 5% compared to the second week of April,” he said.
On the other hand, according to the preliminary report of the consulting company EcoGo, May inflation will also be 5%. The downward trend continues after strong growth in March, when the IPC showed 6.7% volatility. The fifth month of the year is driven by fuel growth (average 7.4%, up from last week), schools in the province of Buenos Aires (8%), prepaid (8%), (13% on average) and television, cable and internet (9.8%), Between.
After EcoGo, In the first week of May, the meat category had one of the highest growth, with a 2.4% increase. The main drivers were chickens and fish (both 7.4%), with a particular impact from the hack, which led to a 10.3% increase in the product, which was recorded as the highest increase in the week. Meanwhile, beef showed a strong slowdown compared to the previous week, an increase of 0.8% caused by the previous cut (1.5%).
As for the baked goods, cereals and pasta categories, it maintained the trend of the last week of April and fell during the downturn due to an increase in wheat after the increase in March and a portion of April. Thus, although wheat flour increased by 2.1%, the product recorded a 1.2% decrease due to a decrease in fresh bread (1.3%) and dry porridge (1%). “This is partly explained by the entry into force of the wheat trust, which subsidizes the price of a bag of flour to prevent international growth in the local market,” EcoGo said.
Finally, in the first week of May, soft drinks increased by 5.7% and, together with wines (5.1%), juices (2.7%) and bottled water (2.1%), pushed the category that achieved weekly growth. 2.9%. On average, food prices fluctuated 3.2% in May, according to EcoGo, including April shifts (1.9%).
Source: La Nacion
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