On Monday, September 18, the program of VAT refund of the twenty-one% in the purchase of products from the basic basket that aims to alleviate the burden of this tax on food consumption products. Despite the start of this initiative, the food prices they went up 2.9% during the third week of the month.
This meant a acceleration of 1.3 percentage points compared to the previous seven days. The data comes from the consulting firm’s weekly survey LCGwhich also indicated that food prices present a monthly increase of 9.2% average in the last four weeks. According to the survey, so far in September, food prices have increased 6.3%.
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For its part, the Secretariat of Economic Policy released this Friday the index of weekly inflation that showed an increase of 2% between September 11 and 17, while the previous week, it had registered an increase in 2.1%.
How much food increased in the third week of September
By analyzing only the third week September, the products that increased the most were sugar (8.4%), the breaded (6%) and the drinks and infusions (5.6%). According to the consultant LCG, five of the 10 categories analyzed were located by above weekly average, which was 2.9%. Meanwhile, the fruit registered a deflation -7.4%.
The weekly increases in baked goods, meats and drinks They explained almost the 90% of the weekly variation.
Besides, LCG highlighted that The percentage of products with weekly increases reached a peak when it was located in 69%, 38 percentage points above the average of the last four weeks.
How much food increased in the last month
In the last four weeksAccording to the survey, the foods presented a average increase of 9.2%. Meanwhile, the products in the basket rose 8.2% measured from end to end in the same period.
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Over the last four weeks, five from 10 categories surveyed showed top rises to the 9.2%, which was the average increase in food in that period. The others, in any case, were located above the 5%.
According to LCGthe monthly price variations were as follows:
- Fruits: 14.7%;
- Vegetables: 9.9%;
- Meats: 9.9%;
- Takeaway meals: 9.6%;
- Drinks and infusions: 9.4%;
- Bread, cereals and pasta: 9.1%;
- Condiments and other food products: 8.6%;
- Sugar: 6.9%;
- Dairy and eggs: 6.1%;
- Oils: 5.7%.
For the sixth consecutive week, the meat continues to be the category that contributes the most to monthly inflation, reflecting an acceleration of 3.1 percentage points.