Argentina: Milk at $ 100 and the price of meat on the rise, why is food rising above inflation

Published 2021년 5월 18일

Tridge summary

The Argentine government is focusing on reducing inflation in the food and beverage category, particularly in essential items such as dairy and meat. Over the past year, long-life milk prices have increased by 37%, making it unavailable to many consumers at lower prices. Inflation rates are expected to reach 60% by the end of the year, with dairy products and eggs leading the inflation in the first week of May, increasing by 1.1%. Meat prices have also risen by 5.2%, driven by a surge in corn prices and fuel costs. The government is taking measures to control these price increases, including selling 11 meat cuts at affordable prices through supermarkets and butchers. However, prices are expected to rise further following the government's recent measures.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The food and beverage category is where the National Government has put the magnifying glass to slow down the inflationary rhythm, and yet since the beginning of the month, consumers have warned important increases in two of the most important inputs in the Argentine diet, such as dairy and meat. Thus, taking into account only long-life milk, in one year it increased by 37%, which is included in the Precious Care Program ($ 65 Los Apóstoles), but in practice, first brands are no longer obtained for less than $ 100. This Thursday the inflation of April for Mendoza and the country will be announced, but private consultants place it near 4%. According to Evaluecon, "inflation has been evolving at an average rate of 4% per month since the end of last year, and if this behavior continues, it would reach a level of 60% in the year". In this context, for a family in April "not to perceive that they were in poverty levels", they needed $ 72,600 ("Total Worthy Basic Basket"). The same ...

Source: Losandes