On the other hand, helped to prevent inflation from overheating even more.
The drop in consumption is linked to changes in habits of food, but also headline inflation that restricted the purchasing power of families.
Between the climatic factors the one with the greatest impact was drought that forced many producers to send their farms to the refrigerators before of the appropriate moments for not being able to maintain his health condition.
A study of the Chamber of Industry and Commerce of Meat and Derivatives of the Argentine Republic (CICRA) pointed out that in november average animal value standing traded in the Cañuelas market recorded a small bounce, after the heavy fall observed in the two previous monthswhich coincided with an important increase in the number of heads commercialized.
CICRA specified that on the one hand the average price rose 1.5% per month and was located in $255.5 per live kilowhile the total of heads traded rose 25.9% compared to the previous month and reached 101,325 animals.
“The contraction in demand for Chinese beef from Augustthe strong contraction of values paid in the European and Chilean markets from the second quarter of the year, and the deterioration registered by the purchasing power of Argentine families favored by a galloping inflation rate, are clearly reflected in the value of the local treasury in recent months,” said CICRA.
November inflation
The next December 15 The official inflation data corresponding to the month of November will be released.
In late November, market analysts projected that inflation for all of 2022 will be at 99%one percentage point below the previous survey forecast).
For novemberthe median of the estimates of the current survey placed inflation at the 6.1% monthlyl, same value as the average of the projections of the TOP-10 of the best forecasters.
Source: Ambito
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