Food prices soar and put more pressure on June inflation

Despite the government’s efforts to lower the inflationthe constant increases in food prices complicate the situation, which in turn affects (again) the income of citizens.

According to the private consulting firm LCG, so far in June, food prices have increased by almost 5%, which puts greater pressure on the inflation this month, since it is expected that the item will contribute 1.4% of the price index general.

Food prices soar and put more pressure on June inflation — In May, inflation had an increase of 60.7% year-on-year.

Likewise, the consultant highlights that, in the third week of June, food increased 1.5%with which it is expected that the inflation for the sixth month it is once again above 5%.

The report also indicates that, with the latest increase, the item accumulates “eight consecutive weeks with weekly increases above 0.5%. In this way, in the first three weeks of the month, the indicator presented an increase of 4.9%”.

Fruits and vegetables are the ones that suffer the most increases.

Within the categories that most reported increases are meats, which marked 2.1% and baked goods, 81.9%; that is, they had rises of 0.6% and 0.3% respectively.

The consultant also highlights: “the percentage of products with increases remained without much variation, around 15% of the basket (18% average in the last four weeks)”.