Dairy on the rise in Argentina; the price of drinkable yogurt skyrocketed

Published 2021년 8월 13일

Tridge summary

The Argentine Dairy Chain Observatory (OCLA) has reported that the price of milk, dairy products, and eggs in Argentina experienced a significant inflation rate, with a 4.7% increase in July, exceeding the national headline inflation rate. The accumulated inflation for the first seven months of 2021 reached 38.3% for these categories, which is nearly 9.2 percentage points higher than the general CPI. Notable price hikes were observed in bar cheese, drinkable yogurt, and cheese for grating. Particularly, the cost of drinkable yogurt has surged by 40.6% in 2021 and by 32% since March, surpassing its pre-pandemic record prices. This situation is attributed to the consumption patterns of liter drinkable yogurts, which fail to maintain the average price increase in harmony with other dairy products due to their lower value per liter.

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

Original content

The Observatory of the Argentine Dairy Chain (OCLA) released its analysis on the results of the Consumer Price Index (CPI) prepared monthly by INDEC, where it stands out that the price of the category "Milk, dairy products and eggs" as a whole, they posted a monthly rise in July of 4.7% (1.7 percentage points above headline inflation). In relation to the accumulated of 2021, this category registered a rise of 38.3% at the national level, being 9.2 percentage points above the general CPI January-July (29.1%). Going to the specific section of dairy products and taking the Autonomous City of Buenos Aires as a reference market, in July of this year the most important increases were contributed by bar cheese + 6.7%, drinkable yogurt + 6.2% and cheese for grating + 5.9%. See also - FOOD AND DRINKS REMAINED AGAIN ABOVE OVERALL INFLATION But without a doubt, drinkable yogurt deserves a separate paragraph, not because of its specific weight within the basic basket, but because of the ...

Source: ARInfocampo