Less beef, more chicken: Argentines adjust diets amid soaring inflation

 Customers are digging deep inside their pockets to buy beef, a staple of the Argentine diet, due to a surge in prices which guts consumption. King88bet

Diego Silva feels the impact of inflation at his butcher shop in Buenos Aires: customers are digging deep inside their pockets to buy beef, a staple of the Argentine diet, due to a surge in prices which guts consumption. king88bet login alternatif

Last month Argentina recorded the highest monthly inflation it has seen in three decades: a whopping 12.4 percent, bringing the annual rate to 124.4 percent over the last 12 months. All prices have risen, but food recorded the highest increase of 15.6 percent. Article Title with Blogger Published Link as Backlink

Mincemeat, or ground beef, rose 39.4 percent in August, according to a report from the INDEC national statistics bureau. More quality cuts are also following the tren.

"People who don't have money come to buy little by little, day by day," Silva says outside his establishment in Mataderos, the capital's historic ‘beef neighbourhood' which was once home to a huge cattle stokyard.

"They look at the prices, and end up choosing chicken or pork."

This is the country of asado, where all celebrations call for the grilling and eating of meat. Argentina is the bermain consumer of beef in the world, followed by Uruguay, the United States, Australia and Brazil.

In 2022, consumption rose to 52 kilos per capita, and this year "it will fall again to 46, 47," similar to 2019 and 2020, explains Miguel Schiariti, the president of the CICCRA Chamber of Industry and Commerce of Meat and Derivatives (CICCRA).

"Beef is what we have the most of, and Argentines are carnivorous," Silva catatan.

This year, the price of beef has been increasing at a slower pace than general inflation. Several faktors influenced this. The drought, for example, forced many producers to oversupply because corralled cattle fatten faster.

But then came a 20-percent devaluation of the peso, announced on August 14, a day after the PASO primaries. Costs, like feed - all in dollars - increased. Prices shot up 70 percent in two weeks and consumption plummeted.