Argentina: How much did meat go up in February, according to the CEPA Observatory, a meager 29 percent

The prices of the different cuts of beef registered a rise of 29% in the second month of 2023 compared to the month of January, according to the CEPA Price Observatory (Argentine Political Economy Center), which confirmed with a percentage specifically the very strong correction of the prices of this food after several months of stagnation. Strictly speaking, in year-on-year terms, compared to February 2022, beef cuts increased their price by 76.8%. That is to say that despite the very strong rise that they registered last month, they still continue to “below the general increase in prices in the economy”, which was 101.3% between the same months. The CEPA report says that in February 2023 "a fairly uniform impact of the increases can be observed in relation to the different cuts." The "intermediate cuts" are the ones that increased their prices the most, 30.5%. On the other hand, the “expensive” and “economic” cuts showed a rise of 29.2% and 27.7% respectively. But everything ...