Despite the increases that the farm had and the cost increases of the commercial and industrial links, the price of beef continues to be remarkably “delayed”.
The average month-on-month rise in the prices of basic goods and services was 6.0% last January, according to the survey carried out by INDEC, while the adjustment of the five bovine products (roast, shoulder, rump, rump and beef chopped) was 4.4%.
However, the price survey carried out by the Institute for the Promotion of Argentine Beef (IPCVA) in the city of Buenos Aires, which collects data on almost all cuts of beef, registered a month-on-month increase of 1. 7% last month. Quite less when considering a broader basket of cuts.
When observing the interannual evolution of the price of the five cuts measured by INDEC, the situation becomes more dramatic, because in the last year the “beef basket” showed an inflation of 48.8% versus an average of 100.3% of food and non-alcoholic beverages in shops and supermarkets in the city of Buenos Aires (CABA-GBA).
This implies that bovine meat, according to the INDEC measurement, had an average delay of more than 50 points last month with respect to the average inflation of basic foods.
In any case, it is clear that meat continued to be an “anchor” of inflation and that the high inflation figure for January cannot be attributed to it; Although it will probably have more impact on this month’s figure, it is so far behind that it will have a hard time “matching” the general level of inflation.
It is also clear that the operators of the business have not yet transferred to the counter all the increases in the light hacienda that have occurred in the last two months, which were of the order of 68% if the values of this week are compared with those there was in the middle of December.
This is due both to the restrictions on consumption, with families that mostly do not make it to the end of the month or even fortnightly in some cases, and to the fear that a new intervention by the government causes.
Meat is weak 2: If they buy with debit, families will be able to bring about 10 kilos of meat per month with a 10% refund and save up to 2,000 pesos
