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Last month, inflation began to recede due to falling world prices for various food products, but is this already observed in the market?
Analysts predict that there will be moderation in July product pricesand according to the latest data from the Ministry of Agrarian Development and Land Reclamation (Midagri), prices for some goods have already begun to decline in the retail market.
Midagri data shows that prices for 13 of 16 staples fell in August compared to prices reported in July.
The product that showed the biggest drop this month was carrotwhich costs about S/2.12 per kilogram, which means a drop of 20.6% compared to the July average.
Previously, in April, this product would have cost up to S/4 per kilogram in the midst of a carrier strike, a demonstration caused by rising fuel prices.
others from products the share of papaya, one potato, delicious apple, Hawaiian pineapple and Creole garlic or napuri fell from 11.3% to 17.9%.
In the case of papayas, the price rose from 4.47 S/K to 3.67 S/K per kilogram, while the price of potatoes fell from 2.61 S/K to 2.25 S/K, and tasty apples fell from 4.5 s/k s/ to 3.91 s/k per kilogram. .
However, despite the decline in retail markets, the risk is still felt due to the lack of fertilizera problem made more troubling by the fact that the country’s urea supply has yet to materialize.
What products have you downloaded?
So far this month, data from Midagri shows that only three foods have shown steady gains: chicken, lemon, and corn.
Only in case chicken it is estimated that the price per kilogram is 10.51 shillings, despite the fall in world prices for corn.
Concerning lemonit is indicated that earlier it cost an average of S/4.57 per kilogram, and now it is sold at S/5.79 per kilogram, that is, it has risen in price by 26.5%.
The product that showed the most growth in recent days was corn, which for the first time this year exceeded 10 centimes per kilogram after rising by 55.3%. Previously, this food cost S / 6.57 in retail stores.
Source: RPP
I am Dylan Hudson, a dedicated and experienced journalist in the news industry. I have been working for Buna Times, as an author since 2018. My expertise lies in covering sports sections of the website and providing readers with reliable information on current sporting events.