Due to the high levels of inflation that the country has had in recent months, from the Argentine Federation of Supermarkets (FASA) reported that sales in supermarkets fell in the last month.
Although the figure is not yet known with the inflation September, private consultants expect that the price index of the last month reaches 7% again; however, some analysts are more optimistic and calculate a figure between 6.5% and 6.7%.
This, mainly due to the rise in food prices, which month after month impacts the inflation Y. at the same time, the income of citizens, who are forced to consume less so that the money reaches.
In this regard, Víctor Palpacelli, president of FASA explained: “We closed September with a contraction in consumption of between 4 and 5% in units sold in the year-on-year comparison”.
Likewise, Palpacelli stressed that the high inflationary pressure is of great concern for businessmen in the remainder of the year, “Undoubtedly, in inflationary scenarios such as the one we are experiencing, this hits the consumer’s pocket squarely and consumption contracts . That is the concern we have.”
Regarding price escalation, the head of FASA explained that August and September were very similar, “We had price changes in all categories, practically all companies passed price changes. As for the percentage of raises, there was a slight slowdown.
And I add: “The products that were contained under the flour, oil and noodle trusts stood out with increases above the average. These products and their derivatives caused food to rise significantly, as they were left out of the trust.”
What items will impact inflation in September
According to analysts, the increases in September will again affect the price index, mainly the rises in food, which is estimated to be 7%; also, clothing increased 13%.
In addition, there were increases in cleaning products, fuel, transportation, rentals, prepayments, among other items, with which it is expected that in the first nine months of 2022, the inflation accumulated reaches 67.2%.