Argentina: Steers are slowing down in the race against inflation

In a context of strong inflationary pressure on food prices, beef is a separate case. A combination of domestic demand that cannot validate increases and a high level of supply keep the butchers' boards in a flat line. The Rosario Livestock Market (Rosgan) analyzed the evolution of sales values to the public. "In the last four months, the price of beef has been registering price adjustments that fail to cover the inflationary increase, accumulating falls of more than 18% in real terms," they pointed out. LOOK: The hacienda, with a bitter toast: the classic "gift" of prices for the holidays is not coming In one year, and as calculated by the Institute for the Promotion of Argentine Beef (IPCVA), in the last 12 months of the year the price of beef increased by just 68%, against inflation that for the same period accumulates close to 83%. Meanwhile, cheaper alternatives such as chicken show increases of 89% per year. These increases had a well-differentiated dynamic. While the ...