A basket of 11 food products in Argentina are 26% more expensive than in Brazil, but almost 20% cheaper than in Chile and Uruguay. This is how it emerges from the 4th edition of the Productive Monitor made by Tobias Lucero of the IERAL.
The cost of a food basket made up of 11 products was around US$36.40 in Argentinameasured at the official exchange rate, while in Brazil the same products cost $29.10 and in Chili and Uruguay $45 and US$44.60, respectively, according to the survey carried out at the beginning of November in supermarket online stores.
This cost reflects that compared to Brazil, Argentine food products are 26% more expensive, although compared to Chile and Uruguay they are 19% and 18% cheaper, respectively.
This report seeks to determine whether the prices Argentines pay for food differ from those paid in neighboring countries, measured in the same currency.
Food basket: what is the difference by product?
For this basket, IERAL surveyed the value of 11 basic foods in Argentina, Brazil, Uruguay and Chile: beef, pork, chicken, rice, noodles, coffee, flour, sugar, sunflower oil, milk and eggs. Food values were measured per kilo in the supermarkets of each country in the first week of November 2024 and then all prices were expressed in dollars using the official exchange rate of each country.
As the main result, it is found that the cheapest basket is that of Brazil, followed by Argentina, then Uruguay and finally Chile. Although, within the basket some prices vary. Although Brazil is 26% cheaper than Argentina, there are products such as sunflower oil that are 30% more expensive or flour that is 13% more expensive. At the other end is the ricewhich per kilo costs a 116% more expensive in Argentina than in Brazil or the noodles which show a difference of 70%.
Something similar happens with the values of the products inside the basket compared to Chile and Uruguay, although these countries are almost 20% more expensive, rice in Uruguay is 38% cheaper than in Argentina, while In comparison with Chile it is 4%. Milk in Chile and Uruguay are 6% and 1% cheaper.
Source: Ambito
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