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7h ago

Argentina Food Costs Climb 3% in August, Private Trackers Say

Most forecasters still expect August CPI near 2% despite limited pass-through from the late-July peso slide.

Pese a la suba de alimentos, consultoras anticipan que la inflación de agosto se ubicará entre 2% y 2,2%
Los alimentos aumentaron un 3% en agosto: ¿Cuáles fueron los productos más afectados?
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Overview

  • Consultancy LCG measured a 3% month-over-month rise in food and beverages in August, with a slight 0.1% deflation in the final week and a four‑week average of 2.4%.
  • Most private projections place overall August inflation around 2.0% to 2.2%, with some dispersion across firms ahead of the official release.
  • EcoGo’s retail survey showed food prices up 2.3% for August, or 2.5% when including meals consumed outside the home.
  • LCG linked the early‑month food increases to the peso’s depreciation at the end of July and start of August, signaling currency pass‑through to shelves.
  • Forecasts differ at the margin, with Libertad y Progreso around 1.9% and Analytica at 1.7%, while INDEC is slated to publish the official CPI in mid‑September.