Overview
- The CAC's Indicador de Consumo showed a 1% drop year‑on‑year for June 2026 and a 1.6% month‑on‑month decline after seasonal adjustment, ending a two‑month improvement.
- Postponable purchases led the fall: transport and vehicle spending fell 7.4% year‑on‑year, clothing dropped about 4.6%, and recreation and culture declined about 8.1%.
- Housing, rents and public services rose 9.4% year‑on‑year driven largely by an 18.5% jump in electricity demand, leaving overall consumption patterns sharply split.
- Inflation slowed to 1.9% month‑to‑month in June but remained near 33.5% year‑on‑year, and growth in consumer financing — credit cards, personal and prendario loans — has weakened in 2026.
- The CAC says that without a steady fall in inflation, wider access to credit and lower morosity, durable‑goods demand is unlikely to recover and households will keep prioritizing essentials.