Experts rule out that the cause of inflation is alleged collusion Economie

Experts ruled out suspicions of collusion in the prices of the basic basket, and attributed the increases to the global inflation phenomenon.

The figures show that basic basket prices are up 9.4% in the past 12 months, but especially in terms of food, they are up 13.1% and 7.5% so far this year.

This raised suspicion and concern among consumer groups as well as some parliamentarians who pointed to suspicions of collusion in the prices of products such as oil.

The question posed in the discussion arises again: Where does inflation come from and what causes it?

A distinction must be made between what happened last year and what we are witnessing in 2022, especially with regard to the conflict between Russia and Ukraine, the global producers of fuel, wheat and oil.

For example, the head of CNC, Ricardo Meuse, emphasizes this point, he does not rule out the investigation, but calls for the basic information to be put on the table.

Some of these are unanimous, from 2020 to date staple foods have risen more than 62% and transportation costs have nearly doubled sixfold.

It is part of a global problem that has, for example, pushed up inflation in the US to 8.5% (the highest in 40 years), and 7% in the UK (the highest in 30 years), where the common factor was food.

Here we have to distinguish, and they have to do what affects each country, according to Carlos Smith of UDD.

On the question of possible collusion, UNAB’s Gonzalo Escobar made clear that there are no conditions for doubt.

Similar positions have been expressed in the government, with the Minister of Economy, Nicholas Grau, saying it is without precedent.

In Argentina, the annual inflation rate exceeds 55% and 6.7%, the highest monthly inflation rate in 20 years.