Food up 8.7% in the past four weeks

A few days before the PASO, food inflation accelerated in the second week of August led by a sharp increase in prices, among them, meat was the food that increased the most in the last four weeks. According to data collected by the consultancy LCG, in the period under study, the price of food advanced by 2.2% and, consequently, in the last four weeks (last two of July and first two of August) the increase was 8.7%. The increase in the second week of August is 1.2 points higher than the previous one, the report said. This increase was led by meat that registered an increase of 4.7%, a situation that had been advanced by the increases that had occurred in the Concentrator Market of Cañuelas.En Meanwhile, vegetables verified an increase of 2.5%, while bakery products had a variation of 1.9%. The report revealed that ready-to-go meals rose by 1.5%, while dairy products and eggs rose by 1%, drinks and infusions by 0.4% and oils by 0.1%. When the variation of the last four weeks is studied, the ranking is led by bakeries, which register a strong jump of 16.8%. Nearby vegetables appear with 12.5%, while drinks to consume at home do so at 10%. The variations below double digits are: sugar (6.4%), oils (4.2%), meats (3.8%), dairy and eggs (3.7%). The only item with falls was fruits (-1.2%). The survey is carried out through web scraping where the prices of 8,000 foods and beverages offered in five supermarkets are evaluated. Weekly cuts occur on Wednesdays.

Original source in Spanish