of Butcher shop price hike Inflation in recent weeks sets a ‘floor’ for inflation 2% or more According to the first private estimates, the monthly average for this month.
The consumer price index for October will be released this Wednesday and is expected to cross 2%, similar to the 2.1% reported by India Securities in September. The National Statistics Agency will change the way it measures the pace of prices starting in January.
The impact of higher prices on the most consumed cuts of meat will put pressure on the consumer price index, which will exceed what the central bank’s Market Expectations Survey (REM) predicted last Friday. The consensus among consulting firms and banks was for prices to rise 1.9% this month and 2% in December.
Various consulting firms have released their first forecasts for price increases in the first few days of November. For example, analysis recorded an increase of 0.9% A weekly look at food and drink from the Buenos Aires metropolitan area.
Of this total, 0.7% is accounted for by one item. The consulting firm detected a 2.4% increase in meat in the first few days of November. This is the product with the largest increase. This was followed by fruits (1.6% per week) and vegetables (1.5%).
Over the past four weeks, food and beverages have increased by an average of 2.8%. Average increases over the past four weeks were in fruits (11.7%) and vegetables (4.4%). At the other end of the spectrum is seafood (prices fell by 0.7%). From this partial information, Analytica predicts: This month’s CPI will be 2.3%.
eco viewrecorded a higher price increase in its first week. 1.1%. And they agreed with Analytica on the content of that explanation. “The increase in meat and its processed products stands out (1.4%), a category that had already shown an increase in recent weeks due to the rise in meat prices (previously in October it was 1.8%),” he asserted.
Meanwhile, vegetable products recorded a weekly increase of 4.5%, mainly driven by lemons, onions and oranges. Being a highly seasonal item, that’s why tomato prices fell by almost 16% in the same week. “On average over the past four weeks, the cumulative growth rate of the basket is 2.7%,” Ecoviews concluded.
consultant EcoGo also found 1.1% The weekly inflation rate at the beginning of November was significantly higher than the 0.2% rate at the end of October. Regarding meat, he asserted, “After several weeks of stabilization, meat recorded an increase of 1.4% due to an increase in beef prices (2.5%). We do not exclude the possibility of a new increase in the coming weeks.” EcoGo forecasts CPI for the entire month of November at 2.5%.
Finally, LCG measured food and beverage inflation of 0.4% in the first week of the month. “This means that average monthly inflation has fallen to 3% after several weeks of acceleration,” they reported.
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