08/13/2021 7:42 AM
Clarín.com
Economy
Updated 08/13/2021 7:42 AM
On the day that INDEC announced inflation for July, which was 3%, the Fundación Agropecuaria para el Desarrollo de la Argentina (FADA) published the "Changómetro", an original and graphic way
of measuring local inflationary fever
.
According to the report, in December 2017, the year in which the Central Bank
put into circulation the $ 1,000 bill with the image of the baker
, only one of those was enough to fill a supermarket monkey.
Today, almost four years later, it takes more than four to buy the same thing.
According to the survey that compares clothing, food products and even gasoline, at the end of
2017, a 40-liter tank could be filled with $ 1,000, while almost four years later it barely reached 10 liters.
And in the comparison between foods, the changometer reveals how the same basket of products moves at the price level.
In this way, the FADA report reveals that
in four years, to fill a little monkey it went from $ 1,000 to $ 4,000, that is, 85.7% more today than what was needed in 2017.
The same survey shows that in December 2017 a basket of mass consumer products cost $ 1,000, but only twelve months later to get the same, they had to disburse $ 1,512.
And in December 2019, $ 2,370.
In other words, in two years the registered increase was 137%.
Changometer
In December 2020, that basket was already worth $ 3,367, and in July 2021, $ 4,401.
In this way, since the inauguration of Alberto Fernández, the increase reached 85.7%.
This is verified, according to FADA, in some emblematic products of the food basket such as asado and yerba, among others.
Regarding the most emblematic drink of the Argentines, yerba, the numbers are also overwhelming:
"A thousand pesos were 29 packages of half-kilo yerba in 2017, today we only bought 5.
We drank 240 fewer mates, we lost 24 packages", explained from FADA .
And if the point is put on another Argentine passion: the barbecue.
The report reveals that while four years ago
you could share a generous 8 kg barbecue with 16 friends
, now you can buy 1.5 kg with the same, which is not enough for a typical family (two adults and two children).
"This putting into everyday images helps us to understand the hard data: we lost six and a half kilos
,
" said
David Miazzo, Chief Economist at FADA.
Shopping meter
"The problem with inflation is not prices, it is pesos,
" says Miazzo.
And he clarifies that
"what loses value is the peso, every time we need more bills to buy the same thing: that is inflation."
"The thermometer shows that to buy a monkey, which at the end of 2017 we had a thousand pesos, today we have to spend more than $ 4-000. Same monkey, with the same products,
four times more,"
says Natalia Ariño, economist at FADA.
And he clarifies that it not only happened with the supermarket products, but also with the clothes, so filling the same closet today costs four times more.
"The same clothes that we bought for a thousand pesos now cost four thousand,"
adds Ariño.
"The sustained increase in prices affects production, wages, employment and investments.
In addition, inflation has a direct impact on poverty. Although we have less purchasing power from month to month, this affects those with lower incomes more strongly" , he detailed.
The proposal for the economists of FADA emphasize that the solutions should aim to: "
Stop printing pesos in addition to solving the monetary imbalance; and generate an economic plan that is consistent and allows generating confidence."
YN
Look also
Why the slowdown in inflation is difficult to sustain
