Beef had the second largest increase of the year

September 14, 2023 – 1:03 p.m.

Meat had a strong impact on inflation: meat products registered a shocking increase, especially for the most popularly used cuts.

Beef rose an average of 30.2% last August, according to a survey by the Institute for the Promotion of Argentine Beef (Ipcva). In this way, this was the increase registered after the increase in the treasury, which ended up having an impact on the counters, within the framework of the strong impact of the inflation. The previous month, in July, the product to the public had become more expensive by 2.4%. The previous biggest rise for meat was in February, with 28.9%.

According to the measurement of INDEC on inflation, Meat had a strong impact: meat products registered a shocking increase, especially for the most popularly used cuts. These are common minced meat (39.4%), shoulder (34.1%), rump (33.3%) and buttock (32.8%).

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Last year, meat consumption was 92.5 kilograms per inhabitant.

At points of sale that serve neighborhoods of high socioeconomic level Beef prices increased by 24.9%. In those who market in the average socioeconomic level, 31.5%; while in those who attend to the low socioeconomic level prices increased by 31.3%.

With respect to the different categories of property, the steer meat showed variations in their prices of 26%, steer meat 39.8%, heifer and veal meat 36.1% vs. July 2023 prices. On average the price of the light category of retail consumption It had an increase of 29.1% compared to the price of the previous month.

The behavior of the beef prices During the month of August 2023, they showed increases in all the AMBA areas surveyed: South of GBA 34.6%, Capital Federal 26.8%, North of GBA 24% and West of GBA 35.4%.

By point of sale, there are differences during the last month of August 2023, prices varied by 36.2%, compared to the previous month in the butcher shops; while in the supermarkets an increase of 17.4% is observed

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Inflation: how did the price of other meats perform?

The price of fresh chicken showed a variation of 16.1% in the month of August 2023 compared to July. And comparing with the values of August 2022, the increase was 118.2%. For its part, the price of pork breast had increases of 19.6% compared to the previous month. And with respect to the August 2022 values of 105.4%.

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