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

Published 2023년 3월 13일

Tridge summary

In February 2023, beef prices in Argentina experienced a significant increase of 29% compared to the previous month, according to the CEPA Price Observatory. This surge was part of a larger year-on-year increase of 76.8% from February 2022. Despite this, the price rise of beef still fell short of the overall economic inflation rate of 101.3% during the same period. The increase was observed across all cuts, with the most significant rise seen in intermediate cuts. The price hike in February was attributed to meat prices remaining below monthly inflation for several months, which was exacerbated by drought affecting forage and pasture, leading to an increase in cattle sales and available supply in the market.

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

Original content

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 ...

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