The Total basket price increased 4.3% during March to reach $28.750,94, i.e. the income that needed a couple with two children to buy food, clothing and pay for some services and not to fall below the poverty line, reported the nation Institute of statistics and censuses (Indec). With this rise, the CBT accumulated an increase of 12.8% in the first quarter of the year, and 60.9% in the past 12 months. Meanwhile, the basic food basket rose during March 4.7%, in line with retail inflation, to $11.640,06 for the same family. CBA brand the minimum amount of food that requires a family to keep in this case and not to fall below the line of Indigencia.Con this increase, CBA accumulated an increase of 14.1% in the first quarter of the year and 74.2% in the past 12 months. Fallen sales in supermarkets and shopping malls
The INDEC also said that sales in supermarkets fell 12.1% during February in relation to same month of last year, and in the large shopping centers fall was 17.6%.
It is the consecutive annual drop eighth in sales in supermarkets and the large shopping centers, in the measurement made at constant prices, i.e., without inflation and without seasonal factors. The personnel employed in the supermarket chains fell 2.5% during February totaled 97.845 Employeesthe March results would not be favorable, as ahead of several private consulting firms. Focus Market estimated a decline of 12.3% in the consumer, which marked a drop of 10.8% in the first quarter.” The negative changes are deeper in the city of Buenos Aires and Buenos Aires suburbs than in Interior, which speaks of different realities, not only from the effect of the macro (as it may be the case of the impact of the field on the inside) but also the “different competitive dynamics of trade retailer in each region”, said the report. In this framework, the Government launched last week a series of measures to reduce inflation, such as a basket of 64 products with agreed prices, suspend the rise in rates, and provide loans to the sectors with greater difficulties as retirees and beneficiaries of the UAC. One of the managers to explain the scope of this package of measures was the Minister of finance, Nicolás Dujovne, who emphasized that “these are measures to provide relief to families and that in this new stage will be won the battle against inflation”. Dujovne emphasized that “we are leaving behind exchange rate live last year with much harshness and instability which explains to a large extent inflation so high that we saw in March and April”. “In two months, he added, we had an abnormally high level of inflation, linked to exchange-rate instability which followed through to prices,” said the Minister, a day after the Indec revelera than the price index March consumer had come to 4.7%. In this note:
Consumption
Basic basket
Economy
INDEC
