Vegetables increased 14.9% and inflationary pressure grows in Argentina

In the last month, the retail price of vegetables and fruits increased by 14.9% and 7.7%, respectively, according to private surveys. Sector sources consulted by BAE Negocios, indicated that the lack of rain, the increase in production costs and, to a lesser extent, seasonality, had an impact on these increases. In this context, the national government analyzes tools to curb these increases. With inflation closing last month at 3.9% according to official data, fruits and vegetables continue to add strong pressure to food prices. The consulting firm LCG estimated that, only in the third week of February, vegetables increased by 2.8%. In the first month of 2022, he calculated that vegetables registered a monthly increase of 8.5%, while fruit reached 6%. These increases are above items such as beverages, dairy and meat. The president of the National Federation of Fruit and Vegetable Market Operators (Fenaomfra), Carlos Otrino, explained that the heat wave that occurred in January, ...