In January, the recession put limits on the rises in the basic basket
During the month of January, the collapse of sales in supermarkets, warehouses and self-services was also reflected in the behavior of prices. According to a recent survey by the Focus Market consultancy, it was the first month, in the last four months, that there were no double-digit price variations.
According to this survey, conducted with Scanntech technology, among the categories of products that increased the most in the period of January 2019 vs. December 2018 were: Breads + 9.5%, Yoghurts + 8.9%, Lavandina + 8 %, Dental Creams + 7%, Mayonnaise + 6.4%, Deodorants + 5.8%, Crackers + 4.7%, Soap + 4.6%, Dulce de Leche + 4.5%, Canned Fish + 4 , 4% and Milk + 4.4%.
It is a measurement of 104 categories that include 1104 products of different brands and presentations. Damian Di Pace, an analyst at Focus Market, tells us that the outgoing data from last month is that “it is the first month of the last four months, that we do not have products with two-digit price developments as had happened up to December. January, the variations were all one-digit, “he said.
If the interannual variation of basket prices is taken, however, among the products that increased the most (from January 2018 to January 2019) are Flours + 122.9%, Dry Pasta + 108.8%, Canned Fish + 101.1%, Eggs + 91.7%, Mayonnaise + 82.4%, Toilet paper + 76.5%, Oil + 74.8%, Rice + 73.7%, Hamburgers + 73.5%, Lavandina + 71.2% and Softeners + 70.9%.
“The striking note this month, in addition, is that the contraction of demand has generated in the month of January that some products have to revise their price list downward,” said Di Pace. This is the case of desserts – 0.2%; dry pasta – 0.4%, oil – 0.5%, puddings -1.1%, and batteries – 1.3%.
Another indicator of the variation in prices during January is the basket of Free Consumers. According to the legal representative of the entity, Hector Polino, the price of the 38 items of the so-called “basic food basket” had an average increase of 2.78% during the month of January. Of the total of products, four experienced price declines and two products, remained unchanged. The rest, went up.
This survey is made every two weeks in supermarkets and retail stores in the city of Buenos Aires and in supply centers in the neighborhoods of La Boca, Caballito, Liniers and Pompeya.
In line with this variation, the measurement made by the Statistical Institute of Workers (IET) was also known. According to the EIT, in January, prices increased 2.7% with respect to December 2018, while in the year-on-year comparison, inflation reached 48.7%. “Even above the level registered in 2018 when it reached 47.6%, it is the highest inter-annual variation since 1991,” the Institute said.