Brazil: Chicken, filet mignon, and picanha prices rise more than inflation in 12 months
Frozen Boneless Beef
Meat
Brazil
Published May 13, 2022
Original content
President Jair Bolsonaro (PL) acknowledged, on Wednesday (11/5), that the recurring increases in the average price of a kilo of picanha have weighed on the Brazilian's account, but defended that the rise happens all over the world. A survey carried out by the Brazilian Institute of Economics (Ibre), linked to the Getulio Vargas Foundation (FGV), at the request of Metrópoles, points out that the value of beef cuts has grown above inflation in the last 12 months. According to the institution, the kilo of picanha rose 15.4% from May 2021 to April this year. In the same period, inflation rose 12.13%, according to the Broad Consumer Price Index (IPCA). The numbers consider the Consumer Price 10 (IPC-10) and Internal Availability (IPC-DI) indices. The increase in meat prices also made the amount paid by Brazilians to promote the famous barbecue become saltier. According to the balance sheet of FGV, the “barbecue kit”, which considers the cuts normally used in the meal, is 11% more ...
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