Meat in the country had a stronger acceleration, even more important than inflation in the first nine months of the year.
While they warn about the rise in food costs, A report revealed that making a roast in Argentina it is increasingly expensive: the value of the meat grew nearly 120% since January. The index reflects an increase above the inflation so far in 2024: After 3.5% in September, the price increase reached 101.6% in the first nine months of the year.
A study of Center for Argentine Political Economy (CEPA) pointed out that the average rise of the different cuts of meat was below the monthly inflation (0.6%) but that in the first ten months of 2024 the escalation reached 119.3%.
If the interannual value is consideredthe osso buco (169%), the special bite (158%), the roast tapa (157%) and the buttock tapa (154%) were the cuts that suffered the greatest increase since September 2024. The chickena common substitute in Argentine families, had an even more pronounced increase: 200% in 12 months. He pork breastfor its part, was the cut that increased its cost the most in the last month: 8.2% inflation.
CEPA Cuts of Meat.jpg
The year-on-year increase in Meat prices, located around 149.7%, were well below the 209% inflation which was recorded in the last 12 months in all securities of the Argentine economy. However, meat consumption does not rebound: the same study reveals that from January to September there was a consumption of 46.8 kilos per inhabitant, 12.3% less than the same period in 2023.
They warn of an acceleration in food prices at the end of the month
The food prices They rose 1.7% in the fourth week of October according to a private report that by the third week had detected a deflation of 0.1%.
According to the consulting firm LCG, food between Thursday, October 17 and Wednesday, October 23 advanced 1.7%, the highest variation since the first week of July.
Due to this jump, the monthly average increase went to 2.3%, while the four-week “end-to-end” measurement stood at 3.3%.
This increase was driven by increases in fruits (5.7%), dairy products and eggs 4.6%, and beverages and infusions (4.2%).
Studies until the third week of October encouraged the possibility that October inflation would be below 3%, precisely due to the stability of food prices.
Source: Ambito
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