Food prices fell at the end of April, after eleven weeks of increases.

Food prices fell in the last week of April, after eleven consecutive periods of increases. Basic food prices fell 0.4% between April 23 and 30, according to the consulting firm LCG, which conducts weekly measurements.

Thus, monthly inflation over the last four weeks slowed to 2.8% . This forecast reinforces previous estimates that the lifting of the currency controls had no impact on prices .

Cost of the childcare basket and supermarket prices with inflation

Gentleness

In a recent speech, Economy Minister Luis Caputo emphasized that, within the current macroeconomic framework, "prices could fall" due to strict fiscal and monetary discipline. The decline was driven by decreases in beverages and infusions for home consumption (3%), dairy products and eggs (2.8%), vegetables (0.7%), and meat (0.5%) .

On the other hand, increases were recorded in baked goods (3.2%), sugar (2.5%), oils (1.2%), and fruits (0.7%) . This situation was helped by the stability of the exchange rate, which, after some fluctuations, achieved a moderate stability in the central zone of the exchange rate band.

President Javier Milei also spoke on the subject when he stated that inflation will "collapse" by the middle of next year . This is one of the main arguments the government will use in the upcoming national election campaign.