June inflation was 1.8%, according to the Córdoba Grocers' Center

Retail inflation in Córdoba was 1.8% in June, according to the Institute of Statistics and Social and Economic Trends (Ietse). The agency, which reports to the Centro de Almaceneros, indicated that this is the second consecutive month with a variation below 2%. The monthly index represents a continuation of the price slowdown recorded in previous months.

Although the difference from May is just one tenth of a percentage point, the report warns about movements within the categories most sensitive to household consumption. "Food and Non-Alcoholic Beverages" increased by 1.6% in June, compared to 0.9% recorded in May, with rises in fruits, vegetables, flour, and oils. According to Ietse, these increases have a direct impact on basic household spending.

The measurement by Centro de Almaceneros reflects variations that, although limited, show different behaviors depending on the type of product. The survey also highlights that families continue to adjust their purchases based on available income. This dynamic remains conditioned by the evolution of prices of essential goods.

Economic references and reference values in Córdoba

The "Food and Non-Alcoholic Beverages" category showed an increase of 1.6%, higher than the 0.9% recorded in May. According to the report, this increase was driven by seasonal rises in fruits and vegetables, as well as inputs such as oils and flour. 

The report also found that nearly 90% of families resorted to some form of financing to purchase food. Among the most common forms are credit cards, purchases on credit, and informal loans. Meanwhile, the daily consumption of essential products remains at low levels compared to previous periods. 

Accumulated inflation in the first half of the year reached 15.4%, according to the report. On a year-over-year basis, the price index reached 40.3% for the province of Córdoba. A typical family needed $1,471,261 to cover the Total Basic Basket in June, and the amount required to access the Basic Food Basket was $784,964.