The Secretary of Commerce announced the agreement reached with refrigeration companies and supermarkets to extend the program Cuts Care Until 7 September. This provision means an average increase of 1% in the seven most representative varieties of Argentine consumption.
through the Program Prices below the market are guaranteed for another month. With Cuts Care An optimal offer is guaranteed from Monday to Friday in more than a thousand outlets, including large supermarket chains.
With Cuts Care, the price per kilo is 736 pesos for roast strip; empty is listed at 965; the matambre, to 938; the skirt, priced at 483; the roast lid at 739; Buttock to 1,009, and shoulder, to 817. For Patagonia, in cuts with bone, a difference of 6% is added.
They are part of measure the large supermarket chains: Jumbo, Coto, Plaza Vea, Carrefour, Disco, Changomas, Walmart, Día and La Anónima. The wholesale chains Vital and Makro are added; in addition to the consortium of ABC exporters and the butcher shops adhered to the UNICA (Union of the Argentine Meat Industry).
The expectations regarding food prices are not encouraging, since inflation is expected to rise in the remainder of this year.
The impact of inflation
Cuts Care was expanded with the aim of containing meat prices at a critical moment for the country’s economy, due to the levels of inflation experienced in recent months. The CPI (Consumer Price Index) for July was 7.4%, which accumulates a rise of 46.2% in prices so far in 2022.
Accumulated inflation in the last year already exceeds 71% according to official data, which means one of the largest increases experienced. The Executive has announced different economic measures with the aim of containing the effects on the pockets of the population.
