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Argentina Food Inflation Quickens in Late September, Then Eases in Early October Snapshot

Peso volatility alongside weak demand is shaping how food price shocks reach shoppers.

Overview

  • Consultancy LCG reports a 1.4% rise in food and beverage prices over the last four weeks, lifted by late‑September weekly gains of 1.6% and 0.9%.
  • The first week of October showed average deflation of 0.4%, with oils and household beverages down 2.3%, fruits down 2.2%, vegetables down 1.7%, dairy and eggs down 1.3%, and meats down 0.7%.
  • Weekly increases in early October were concentrated in sugar, sweets and cocoa at 3.6%, bakery and cereals at 3.2%, and condiments and other foods at 2.9%.
  • On a monthly basis, the biggest risers were fruits at 5.6%, sugar-related products at 3.8%, oils at 3.7%, and bakery and cereals at 2.6%, while vegetables fell 2.6% and meats were roughly flat.
  • Retailers are pressing to limit dollar-linked price list increases, and regulator ANMAT barred two olive oil brands, reflecting heightened sensitivity to exchange‑rate moves and product quality controls.