News

After 8 months, the price of meat did not increase in Argentina

Frozen Bone-In Beef
Argentina
Published Aug 16, 2022

Tridge summary

The price of beef in July remained stable compared to the previous month after 8 consecutive months that showed increases, in a context where monthly inflation for that month reached 7.4% - the highest in 20 years. While compared to the same month of the previous year, the increase reaches 59%. According to the latest survey of the Institute for the Promotion of Argentine Beef (IPCVA), the prices of beef had a slight increase of 1% in the points of sale that serve neighborhoods with a high socioeconomic level. In the points of sale that serve the average socioeconomic level, prices remained relatively stable (0%); while in those that serve the low socioeconomic level, prices fell slightly by 0.6%.

Original content

The price of beef in July remained stable compared to the previous month after 8 consecutive months that showed increases, in a context where monthly inflation for that month reached 7.4% - the highest in 20 years. While compared to the same month of the previous year, the increase reaches 59%. According to the latest survey of the Institute for the Promotion of Argentine Beef (IPCVA), the prices of beef had slight increases of 1% in the points of sale that serve neighborhoods with a high socioeconomic level. In the points of sale that serve the average socioeconomic level, prices remained relatively stable (0%); while in those that serve the low socioeconomic level, prices fell slightly by 0.6%. In line with more stable farm values and less dynamic demand, in July the average price of a kilo of roast fell 0.5% compared to June, reaching -0.9% in the case of the rump and buttocks and - 0.3% monthly, respectively. Meanwhile, common minced meat registered a monthly increase of 1.2% ...
Source: Clarin
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