How the price of a kilo of bread increased in Argentina

Published May 19, 2021

Tridge summary

Argentina is experiencing a crisis in the baking sector due to a significant increase in the cost of raw materials, leading to a 13% rise in the price of bread to around $170 per kilo. This crisis, highlighted by the Federation Industrial Bakery of the Province of Buenos Aires (FIPPBA), is causing concern over the sector's sustainability, with sales declining and bakeries struggling with debt and moratoriums. The price hike is also exacerbating inflation, which reached 4.1% in April, accumulating a 17.6% increase over the first four months of the year, especially affecting food and beverages, which have seen a 46.4% increase since the previous year. The rising costs of essential food items and meats are impacting consumers, leading to changes in shopping habits to mitigate the financial strain.

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

Original content

The kilo of bread in Argentina had an increase of 13% and became worth $ 170 due to the strong increases in raw material. The Federation Industrial Bakery of the Province of Buenos Aires (FIPPBA) maintains that the sector is in crisis because sales fell and they demand the Government to find a solution. In recent days, a kilo of bread went to be worth between $ 130 to $ 170 approximately, since the increases throughout the country vary between 8% and 13%. In this sense, Raúl Santoandré, president of the FIPPBA entity, warned that in the sector there is "great concern" because the raw material had "excessive increases". In radio statements, he explained that margarine increased 150% in just three months, while yeast rose 40% since the end of 2020. "Sales fell and bakeries, which cannot be maintained, went informal. We have great number of bakers in debt and paying moratoriums for the rates of the previous government, "he said. The increase in the price of bread will put pressure on ...

Source: Mdzol