Ice cream prices have doubled in a single month amid inflation in Argentina

According to Reuters Report, this increase in prices is due to the result of the primary election in which a first-place candidate is actually an anti-establishment person. The owner of a convenience store in Buenos Aires shared an updated list of prices he received from suppliers this week, which showed a 60 percent increase in the prices of salty condiments, sodas, and ice cream since the end of July.

Primary Election

The store owner said these price hikes were due to a primary election result. This has further stimulated the rapid devaluation of money and the subsequent rise in interest rates. Reuters analyzed and checked prices from a major national supplier and found that listings recorded an average increase of 18 percent between July 26 and August 15.

Surprise price List

Buenos Aires convenience store owner Ernesto Acuna was surprised at the price list from his supplier of snacks, condiments, soda, and ice cream this week was surprised to learn that some items had gone up 60 percent since the end of July. There is an increase in prices. And this increase in prices is due to the elections. Argentina has become a major challenge to avoid inflation, where the inflation rate is 113 percent. Econa recorded increases of 35 percent and then 50 percent after two weeks. He said that an ice cream that previously used to cost 1,000 pesos, now its price has doubled, he added, adding that kiosk mini-store owners like him don't know how to talk.

Assess Prices

Reuters contacted a large-store supplier for an analysis to better assess prices. A huge increase was noted in the products of many companies till July 25, while the prices of some items did not change. However, an increase has been noted in ice cream and desserts, however, a distinct increase has been noted in different brands of ice cream.

Wholesale Market

The analysis shows that the wholesale market saw sharp volatility this week and prices continued to rise, leading to a rise in inflation, the worst hyperinflation in Argentina since the 1980s. Inflation has been recorded. From the list of prices that was received, it is known in which direction the market is going at the moment, and in which direction the general market trend is. Acuna is facing a shortage. It is particularly noticeable that the products that are exported have decreased significantly. However, this increase has been observed since the primary election.

Little things to Car Tire all become Expensive

Everything from cleaning products to car tires has become very expensive. The sale offers which were offered on normal days have also been stopped.  Another convenience store owner, Juan Pagallo Pabco Spagnolo, a 46-year-old man, said Wednesday's inventory was more reasonable after an initial increase of 40%-50% on Mondays and Tuesdays compared to last month. Items on the list were 15 to 25 percent more expensive.

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