June inflation: Analysts estimate it will be around 2%, marking a slight acceleration.

With June just around the corner, analysts are beginning to finalize their estimates for the month. They estimate inflation will average 2%. Meanwhile, the National Institute of Statistics and Census (INDEC) will release the official figures on Monday, July 14 .

In this anticipated manner, specialists estimate that the figure would be higher than that of May, which was 1.5% and marked 1.3% less than April (2.8%).

It's worth noting that the latest Market Expectations Survey (REM) conducted by the Central Bank of the Argentine Republic (BCRA) projected that the Consumer Price Index (CPI) for June would be 2.1%. Meanwhile, consulting firms surveyed by TN indicated that the figure will range between 1.7% and 2.1%.

supermarket food price inflation

According to Analytica , the June CPI will be 1.7%. The firm noted that the category that had the greatest impact—unlike the previous month—was food and beverages, which showed a rise of 1.8%. They also detailed that the largest increases in the average over the last four weeks were in coffee, tea, yerba mate, and cocoa (+5.2%) and sugar, sweets, chocolates, etc. (+4.2%). Among the categories with the smallest increases were bread and cereals (+1.3%).

In addition, LCG 's price survey showed that June closed with an average monthly increase of 2.1% in food and beverage prices, led by increases in meat (+1.1%), vegetables (+0.8%), and ready meals (+0.3%).

Then there's what Equilibra reported: "According to our surveys, June inflation is on track to close around 2%, led by an increase in regulated prices (above 3% monthly)." The consulting firm explained that the reasons behind this figure are linked to the fact that regulated prices once again led the way, setting a floor for inflation for the month.

"They rose 0.6% weekly, following the increase in gasoline prices (except for YPF, companies in the sector increased by 5%). Core inflation rose 0.2%, and seasonal inflation fell 0.2% for the week ," explained the Equilibra Economic Analysis Center.

Econoviews also recorded increases in the food and beverage basket: "Among the categories, greengrocers stand out (+1.1%). In the last four weeks, the basket has accumulated a 1.9% increase." The data comes after INDEC reported in May that "food and non-alcoholic beverages" was one of the categories with the least variation, recording 0.5%, one percentage point below the general level.