Leaders of numerous centers of bakers of the province of Buenos Aires reported that starting this Monday they will increase their products by 8% and they anticipated that the increases could continue in the next weeksfollowing the strong increases registered in the prices of flour, raw materials and fuel. However, it is not the only increase, also the meat will suffer increases up to 12% according to the sector.
“We made the decision after the increases in recent days in flour, which was in the order of 30 to 35%, and in sugar, yeast, additives and other inputs that we use in the baking industry, which rose between 30%. and 50%,” he explained Martin Pintopresident of the Merlo bakers’ center, who clarified that “in principle, the 8% increase only responds to inflation in the month of October, but that the increases in baked goods will very possibly continue in the coming weeks.”
For its part, Roberto Pucciarellihead of the Florencio Varela Bakers Center, said: “We established a minimum reference price of 1,200 pesos for a kilo of bread, based on last month’s inflation index and last week’s untimely fuel increase, which we had not planned. In the coming days we will continue meeting, to evaluate the situation and define how we continue,” he indicated.
“We are behind with prices,” he said. Maximo Zamoranofrom the San Fernando and Tigre Bakers Center, who warned that “the suggested price of 1,200 pesos will not be fixed, since the liberalization of prices will also reach the baking sector.”
The decision was made jointly by the bakery centers of Merlo, Quilmes, Lanús, San Fernando, Tigre, San Miguel, José C Paz, Malvinas Argentinas, Moreno, General Rodríguez, Marcos Paz and Las Heras, among other Buenos Aires districts.
Inflation: meat increases by up to 12%
According to sector sources, increases of between 10% and 12% are expected between this week and next. In consultation with Ambit, Miguel Schiaretti director of the Chamber of Meat Industry and Commerce (CICCRA) stressed that this product should increase because the “supply is scarce.”
Prices in the Liniers market have moved in recent days with increases in almost all categories. However, the sector emphasizes that it is the consumer who validates or not the prices at the counter.
“For the coming months what can be expected is an increase in the price of meatfor several reasons: first, because the Government increased the value of the dollar for exports, which will result in an increase in export steers,” he added.
Meat Inflation Supermarkets Consumption
Mariano Fuchila
“On the other hand, it is assumed that the supply of steers will continue to fall and we will also still see the effects of the post-devaluation Government measures to sustain consumption. And December is a month where the demand for meat increases. So it is to be expected that prices in general will go up,” he remarked.
Regarding the prices paid by the consumer, In recent months, meat “recovered” and in October it was above general inflation in the interannual variation. The average price of beef cuts measured by the INDEC rose 6.3% last month, below the 8.6% in the general CPI inflation for the GBA, but 13.7% higher if measured against October 2022.
Source: Ambito
