The Argentine Center for Political Economy (CEPA) revealed a report in which it highlighted that, during February, power outages meat vaccine increased by 29% in relation to the previous month.
Likewise, CEPA details that the meat It had an interannual increase of 76.8%, which will impact inflation in the second month. While, the industry meat anticipates that the trend will be of increases for the coming months, due to the rise in prices in farms.
According to the CEPA report, during February “a fairly uniform impact of the increases can be observed in relation to the different cuts in meat, where the intermediates are the ones that increased their prices the most: 30.5%; while the expensive and economic ones showed a rise of 29.2% and 27.7% respectively”.
Within this framework, in butcher shops, the average price registered a rise of 33.5% in comparison with January“exceeding the increases in beef in supermarkets by more than 15 points (18%)”.
They also indicate: “If a cut is made from May 2022 to February 2023, the price of meat increased 41%, while the CPI reached 69%.” And they explain that “if the series is extended from the beginning of 2020, it is observed that the price of meat splits from the CPI at the end of 2020, always remaining above the latter, except in the brief period of last December and January ” .
In this way, they specify that “when comparing both indicators, from October 2020 to the present, the data indicates that meat increased 325% and the CPI rose to 249%.”
In relation to the prices of other proteins substitutes for the vaccine, explain that “in the case of chicken, it registered a drop of 0.2% in February, after nine consecutive months with average increases that exceeded the average increases for beef”.
Which were the cuts with more increases
According to the CEPA report, the cuts with the most increases during February were the wide (34.2%), square (32.9%) and shoulder steak (32.1%). The first two are outside the Government’s Fair Prices agreement.
It should be remembered that, in said agreement, the Government established fixed prices for the seven most popular cuts, until March 31, in addition to a 3.2% increase guideline from April 1 to June 30.
