In recent months, food inflation has remained stable in our country. According to data from the Federal Economy Service, the inflation rate stood at 3.18 percent in March, almost the same as February’s 3.2 percent and a slight increase from January’s 1.75 percent. Despite this stability, prices of certain products have seen significant fluctuations.
Fresh seafood and olive oil prices rose by more than 44 and 31 percent respectively compared to March last year, while electricity, tea, and different types of milk saw a decrease in prices. Whole milk dropped by more than 12 percent and tea by 13.4 percent.
Interestingly, cocoa and powdered chocolate became cheaper by more than 8 percent in March compared to a year earlier, despite cocoa reaching record prices on international markets. This may not be immediately reflected in store prices, but consumers may eventually feel the impact as food inflation continues to decrease for twelve consecutive months, with prices now just 3.21 percent higher than last year overall.
Overall, the inflation rate in our country has remained relatively stable over the past few months, with some fluctuations in specific product prices that have affected consumers differently depending on their purchasing habits and preferences.
