Inflation in Beef Prices in Buenos Aires: Increased 64.3% in Six Months and 162.7% in the Last Year

Meat increased 64.3% in six months and 162.7% during the last year

The average inflation of beef in the Metropolitan Area of ​​Buenos Aires (Amba) was 1.7% in October and showed a significant slowdown compared to the increases that had been registered after the devaluation after the PASO. In the last semester, the increases accumulate on average 64.3% and 162.7% in twelve months.

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The data arises from the survey carried out monthly by the Institute for the Promotion of Argentine Beef (IPCVA) on prices in butcher shops and supermarkets in Greater Buenos Aires and the Federal Capital. A noticeable drop was observed after the 30.2% in August and 19.4% in September that had marked beef cuts.

If the price of beef in butcher shops is analyzed, it showed increases of 2.5% during October 2023, and 164.9% compared to the same month in 2022. On the other hand, the average price in supermarkets showed a variation of 0.1% compared to the previous month and 157.7% compared to October 2022.

In the last semester, the increases accumulate on average 64.3%

From the report published by the IPCVA it is clear that the main increases in average prices during the month of October 2023 occurred in common bait (5.37%), empty (5.6%) and matambre (4.5%). . On the other hand, the cuts with the greatest decreases in prices were the special chopped (1.5%), common chopped (0.8%) and the loin ball (0.2%).

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According to what they highlighted, currently, cuts such as the peceto have a higher price of $756 (19.4%) in supermarkets vs. butcher shops, as does the rump tail $1045.1 (27.3%). In contrast, the price of the skirt is $789.1 (38.1%) cheaper in supermarkets than in butcher shops, as well as the common chopped $738.6 (32.9%).

In the most demanded cuts, the institute pointed out, such as those from the wheel, used mainly in the preparation of Milanese, the price difference is close to $11.8 (0.3%) in the case of the buttock, the price being cheaper at the butcher shop. On the other hand, the roast is $71.8 (2.4%) cheaper in large stores.

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The other meats showed aligned behaviors: pork breast $160.4 (7.5%) and whole chicken $177.6 (16.2%) are cheaper in supermarkets. For its part, the price of the average beef in this market surveyed shows a variation of 14.8% compared to the previous month and 183.5% versus October 2022.

The average increase in October was 1.7%

On the other hand, in the first ten months of the year, beef had a significantly lower relative price (-14%) than that recorded a year ago compared to poultry meat. “In 2022, 3.4 kilograms of whole fresh chicken could be purchased with one kilogram of roast and in the last 10 months the purchasing capacity was reduced to 2.9 kilograms,” they explained.

Furthermore, compared to pork breast, the roast showed a lower relative price of -1.5% than that recorded a year ago, and the purchasing power of beef changed from 1.5 to 1.4 kilograms of beef. pork comparing the first ten months of 2023 vs 2022. If you analyze the purchasing power of the last month with a kilo of roast you can buy 2.9 kilos of whole chicken or 1.5 kilos of pork breast.

The IPCVA reported that last month the price of fresh chicken showed a variation of 9.9%, compared to September 2023, and an increase of 158.6% compared to a year ago. For its part, the price of pork breast rose by 11.5% compared to the previous month, and by 124.1% compared to the values ​​recorded twelve months ago in the AMBA.

2023-11-14 16:43:00
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