Argentina, unstoppable: food rose 3% in the first half of February

Published 2021년 2월 17일

Tridge summary

Argentina is experiencing high inflation rates in its food basket, with the average price increase being 2.99% in the first half of February and meat prices rising by 3.95% in the Autonomous City of Buenos Aires. The rates are expected to reach around 4% for February. The most significant increases were seen in beef cuts and products like sunflower oil and yerba, with the latter experiencing an 8.33% increase. The surge in food prices is primarily affecting lower-income households, which challenges the inflation projections made by the 2021 Budget. The situation is further complicated by large companies' efforts to cancel the Maximum Prices program, which is due to expire on March 31.

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

Original content

INICIO LID MULTIMEDIA CAMPUS SUBIR According to the consulting firm Consumidores Libres, headed by Héctor Polino, average prices rose 2.99%, while meat increased 3.95% outside of the official agreement. Wednesday February 17 | 12:58 During the first half of February, inflation maintained high levels for the basic food basket and the increases were especially high in the Autonomous City of Buenos Aires. "So far in the first half of February, the increase gave us 2.99%", pointed out Héctor Polino in America 24. "In the first half of January the increase was 2.15%. The month of February will be about 4 or 4.5% ". Regarding the four cuts of beef, which were measured in butchers outside the official agreement, the average increases reached 3.95% in CABA. The loin ball was remarked 2.94%; the roast, 3.39%; palette, 3.57%; and common minced meat, 6.67%. With regard to warehouse products, sunflower oil had the highest increase with 8.33%, followed by yerba. It may interest you: New ...

Source: Laizquierdadiario