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From the commercial sector, ADNSUR recognized a shocking increase in this sector, as well as problems in supplying certain materials from the steel sector that are continually increasing.
TUESDAY, NOVEMBER 28, 2023 12:57
Increase in construction materials and supply problems in the steel sector
The president of the Chamber of Commerce, Industry and Production of Comodoro Rivadavia, Guillermo Ceriani, recognized that the impact of inflation on the sale of construction materials has had direct repercussions with increases of over 300% and supply problems.
«It is terrible how much everything has risen. "I was seeing year-on-year invoices and from September of last year to the same month of this year, the increase is 330%." , he stated. And he added that "this has been happening for some time, because before they worked with the official dollar but everything happened to the blue," he insisted.
Next, he exemplified that “everything that has to do with lighting devices, copper, cables and metallurgical matters has risen a lot, which is very expensive. I think that at some point it has to be accommodated, the economy is going to cool down a little and the chain of relative prices will be recovered, which are the references that we do not have today.
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Material prices increased 300% in the last year.
Material prices increased 300% in the last year.
Ceriani insisted that the market will tend to adjust because sales will necessarily fall, since salaries do not grow at the same rate as products.
POSSIBLE SUPPLY PROBLEMS
From Sagosa Materials, Ramón Salgueiro, commented when asked by ADNSUR that in recent days there was a rise of around 15% in steel products, which are the most influenced by the dollar. “It is not so much due to the rise in the dollar, but rather to the expectation regarding the official dollar, which is expected to rise” –he specified.
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And he acknowledged that "there are also products with increases of 20% and in the most extreme, they have reached 30%, although in those cases notice a tendency not to want to sell. In fact, there are leading steel companies that are talking about a reduction in production, in addition to prices that rose by 15% and are already anticipating another 15% for December.
The merchant indicated that the most worrying thing is the possible reduction in production: “We see complications not only economically and socially, but also in terms of supply, which would be something similar to what happened during the pandemic. Lets hope we dont get to that same situation,” he stated.
FOOD IN SUBA
From the Chamber of Commerce, Guillermo Ceriani, acknowledged that in the food sector "increases of 40 or 42% were observed in the week after the ballot, because the careful pricing programs were ended and the commitments that were made are no longer met. There were some companies with the government, so there has been a rearrangement due to inflation, the dollar and doubts - he commented, in dialogue with Actualidad 2.0 -.
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"Many are afraid of the devaluation, but I believe that it has already been applied, because I do not believe that any businessman has been left waiting for the order to start," he stated.
For economist Alejandro Jones, from the Economics Observatory of the Faculty of Economic Sciences, food is experiencing increases of 30 to 45% but, he warned, “this rearrangement is not over yet.”
Food on the rise
Now there are small devaluations every other day and financial dollars have already been unified with the card dollar, at 950 pesos and the new government will move towards a single exchange rate,
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Based on the strategy announced by Javier Milei, to “disarm the Leliqs bomb”, which are the debts taken between banks to avoid pressures on the dollar, the analyst He anticipated that “we are going to have higher inflation rates, in the remainder of this year and in January and February, because only once they finish adjusting prices will we be able to stabilize the economy.”
The economist said that he prefers not to give projections of the inflation rate, because there are different variables at play, but he estimated that at its highest point it could reach 20% monthly, with peaks of 35% in food. |
