Food prices: Dairy, eggs and pasta lead the increases in Argentina

Published 2021년 6월 12일

Tridge summary

A survey by consulting firm LCG reveals that the Food and Beverage Index has seen an average increase of 3.4% in recent weeks, with the end-to-end measurement reaching 4.2%. Leading the increases are dairy, baked goods, eggs, and pasta, which is expected to result in global inflation for June exceeding 3%. The most significant price increases were seen in oils, dairy products, eggs, and meats. The government has responded by launching the 'Super Cerca' program, which includes a basket of 70 food products, beverages, and hygiene items, to help address the rising food prices.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to a survey by the consulting firm LCG, the Food and Beverage Index had an average increase of 3.4% in recent weeks, which in the end-to-end measurement reached 4.2%. Dairy, baked goods, eggs and pasta led the increases in the last four weeks, which would allow us to anticipate global inflation for June above 3%, while that of May was around 4%. The data allow to foresee that the inflationary trend will not stop this month, while it is expected that the National Institute of Statistics and Censuses (INDEC) will publish the Consumer Price Index for May on June 16. The Food and non-alcoholic beverages chapter, the one with the greatest weight in the CPI structure, has been showing in recent months increases higher than the general level, due to the impact on the global numbers of services, most of which have prices and rates administered or frozen. For this reason, the measurement of food prices has a special importance, in addition to having a greater incidence in the ...

Source: Diariouno