For now, the impact of the increase in the blue dollar on prices in Córdoba is not felt

For now, the impact of the increase in the blue dollar on prices in Córdoba is not felt
For now, the impact of the increase in the blue dollar on prices in Córdoba is not felt

Between Monday, May 13 and Friday, May 24, the price of the parallel dollar rose 22.5%. In less than 15 days, the US currency went from $1,045 to $1,280 (and then dropped to $1,210).

This awakening after a long lethargy of more than two months (on February 29 it was trading at $1,010) occurred at the same time that the Government of Javier Milei wants to avoid, at all costs, a rebound in inflation, especially that of food.

For now, in the last days of May, retail in Córdoba is not seeing an impact on prices derived from this variation.

In neighborhood stores and supermarkets, until this Tuesday, they did not observe a greater price variation than that which was occurring in the weeks prior to the blue rebound. It must be remembered that as a result of the recession, the CPI has been decelerating after the strong increase derived from the December devaluation.

“With the collapse in sales that we are enduring, the truth is that we did not expect prices to move with the increase in the parallel dollar; and the truth is that, until now, there have been no major increases,” explained Germán Romero, general director of the Córdoba Warehouse Center.

According to the commercial leader, there were specific increases in some products, such as oils, rice and sugar, but following the deceleration process.

“Oil increased 3%; rice, between 3% and 4%, sugar that is new harvest increased a little more, but the other packages are on sale, so it compensates, zero impact on average. Flour did increase, between 7 and 8%. Dairy products too, but it happened before the last rise in the parallel dollar. The same with beef, which rose 2% in May, but blue had not increased yet,” explained Romero.

From the Argentine Federation of Supermarkets and Self-Services (Fasa), Víctor Palpacelli said yesterday that prices have not risen due to the dollar for now, but he clarified that he should wait “until mid-week to be able to make a better evaluation.”

consulted by The voice different local supermarkets, they agreed with the grocers regarding the potential price increase motivated by the dollar: “For now, no.” “We continue to have many offers and promotions,” explained one of those consulted.

May inflation

Regarding May inflation, the partial data from the Storekeepers Center places the increase between 4.7% and 5.5%, but they warned that “these are the first figures” and that the organization’s Statistical Institute continues to report “until Friday”.

Inflation so far in 2024 in Argentina was 20.6% in January; 13.2% in February; 11% in March and 8.8% in April.

In Córdoba, in April it was lower (6.74%) due to a lower impact of regulated prices, which hit harder in Buenos Aires.

For this month, preliminary data from consulting firms place the CPI in the order of 5% for May, so the index would continue the deceleration trend.

In parallel with this slowdown, private calculations show that an unchecked decline in mass consumption still persists.

 
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