Inflation without a ceiling: the price of meat rose more than 8% per month in April and the average value of a kilo exceeded 1,000 pesos

The price of meat continues to rise. Last April the increase was almost 70% year-on-year. (REUTERS/Agustin Marcarian)

The scourge of inflation does not give in in Argentina and the salary and purchasing power of salaries is crumbling day by day. Yesterday, the National Institute of Statistics and Censuses (Indec) released the Consumer Price Index (CPI) for April, with other worrying data. According to the national agency, prices rose 6% compared to March, accumulating an increase of 23.1% in the first four months of the year and registering a year-on-year jump of 67.9%.

Of course, meat was not exempt from this spiralization and its prices also had a significant increase. This is stated in the monthly report on retail prices of the Institute for the Promotion of Beef (IPCVA), which showed an increase of 8.4% in April compared to March and a rise compared to the same month last year of 67.9 %, in both cases above general inflation. A) Yes, the average price went from $975.41 to $1,057.74 per kilo.

The increases reported in more than 80 butcher shops and supermarkets in the Metropolitan Area of ​​Buenos Aires (AMBA) were generalized in the more than 20 cuts reviewed, since none showed stability in their values ​​compared to March, much less declines, despite the intervention that the national government still maintains in the meat market with the prohibition of exporting seven grill cuts and the establishment of quotas for shipments.

According to the report, a good number of cuts exhibited increases of more than 10%: frozen hamburgers for four units presented an increase of 14.6%, followed by the ossobuco, with 12.2% and the special chopped with 11.1%. The peceto and the buttock cap also had double-digit increases, while grill cuts such as roast, vacuum and roast cap ended the month with jumps of 7.3%, 7.8% and 9.4%, respectively.

On the other hand, the highest increases were recorded in neighborhoods with a medium socioeconomic level, climbing values ​​by 10.2%, while in low-income areas the increase was 6.9%. Regarding the points of sale, the butchers led the rise, with jumps of 9.5% in their average values, reaching an accumulated figure in the last 12 months of 71.4%, while supermarkets exhibited increases of 5.9% for climb in the interannual comparison to 59.4%.

Pork also increased last month: Photo: (File)
Pork also increased last month: Photo: (File)

As detailed in the report, In the cases of the most consumed cuts, such as those used in the preparation of milanesas, a kilo of buttocks is $182 more expensive in butcher shops compared to supermarkets, as is also the case with the roast, with a difference that reaches $ 102 per kilo. The opposite occurs with minced meat, which is $27 more expensive in large shopping centers.

Of course, this jump in prices was not exclusive to beef, but that of chicken and pork also rose convincingly in April, even above what was registered in the first. According to the IPCVA, the kilo of chicken meat rose 10.7% compared to March and had a positive year-on-year variation of 68.8%, while the breast of pork advanced 7.6% the previous month and had an increase compared to the same month of the year past 54.6%.

In this way, the value that the consumer must pay for a kilo of chicken went from $265.50 in March to $293.89, while the cut of pork increased from $641.21 to $689.93. Regarding the price differences between butcher shops and supermarkets, pork breast is $50 cheaper in the former; while the price of whole fresh chicken is lower by $50 per kilogram in supermarkets.

Taking into account these numbers and the increases in meat, the study noted that in the last twelve months, “beef had a moderately lower relative price (-2.3%) than that registered a year ago compared to beef poultry, since in April 2021 3.86 kilograms of whole fresh chicken could be purchased with one kilogram of roast and in the last April 2022 the purchase capacity of the roast cut (beef) in terms of poultry meat was reduced to 3 .57 kilograms. However, compared to the breast of pork, the roast showed a moderate to significantly higher relative price, (+6.7%), and the purchasing power of beef increased from 1.43 to 1.52 kilograms of meat of pork comparing the months of April 2021 and 2022″.

KEEP READING:

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.