Food Rise Threatens to Slow Down Inflation and Return to 2% - Real Economy
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The inflation slowdown that August showed faces in September a test in food prices, which again recorded increases above the general average in different private measurements and could bring the Consumer Price Index (CPI) back to the 2% zone. The data acquires relevance because the [...] Entry Foods rose again and cast doubt on the fall in inflation in September was first published in First Edition.
Food increases during September threaten to slow down inflation and bring it back to 2%, as opposed to government expectations. After marking 1.7% in August and recording the lowest monthly figure in 14 months, the Consumer Price Index (CPI) could return to the 2% area and slow down the deinflation process in the ninth month of the year. The survey of private consultancies, corresponding to the third week of September, shows that the pressure on…
Private surveys measured weekly increases of up to 1.1% in the food basket and averages of 1.8% to 2.7% in four weeks. EcoGo and Analytica projected 2% for September, which would cut the August deceleration (1.7%); and Patagonia was the region where food rose least.
Private surveys recorded new increases in food during September and two consultancies already estimate a general inflation of 2 per cent, above 1.7 per cent in August.
Food increases during September threaten to slow down inflation and bring it back to 2%, as opposed to government expectations. After marking 1.7% in August and recording the lowest monthly figure in 14 months, the Consumer Price Index (CPI) could return [...]
Private estimates remained above the 1.8% that had marked the REM at the end of August. Price developments during the last days of the month will define if the previously recorded slowdown is interrupted. Read more
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