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Beef Price Spike Lifts Buenos Aires Inflation, Shifts Demand to Cheaper Proteins

Official data show meats led the March rise in the city index.

Overview

  • Beef prices in the Buenos Aires metro rose 10.6% in March, the IPCVA reported, and city inflation quickened to 3% as IDECBA said meats and derivatives climbed 6.3%.
  • The increase hit harder in neighborhood butcher shops than in supermarket chains, with prices up 12.2% versus 7.1%, and cuts like asado priced up to 16.8% lower in big stores.
  • Consumers are buying more poultry and pork as beef gets pricier, with fresh chicken up 10.9% and pork cuts up 6.3%, and one kilo of asado now equal to about 3.86 kilos of chicken by price.
  • Local budgets are straining as costs rise, with Sauce de Luna in Entre Ríos replacing a 30,000‑peso cash bonus with a 50,000‑peso food voucher after 94% of residents skipped local taxes and court orders froze accounts.
  • After March’s jump, some butchers in La Plata report early April prices have steadied or even dipped on select cuts.