There is no longer enough money to eat meat in Argentina due to inflation

2024-07-10 19:05:28

The emblematic carne vaccine, a national pride in Argentinais becoming a luxury inaccessible to most Argentines. According to a report from the Rosario Stock Exchange, the consumption of carne has fallen to its lowest level in a century.

With inflation growing every day, worsening the situation, people have had to look for alternatives to supply the carne at their tables.

The Rosario Stock Exchange study reveals that, if the trend continues, per capita consumption in 2024 will close at around 44.8 kilos per inhabitant, the lowest figure since 1920. Historically, Argentines consumed an average of 72.9 kilos of carne year.

Impact of inflation and the economic crisis

The decrease in consumption of carne is a direct reflection of the runaway inflation, which reached 280% year-on-year in May, and of an economic recession that has hit all productive activities in the country. More than half of the 45 million inhabitants of Argentina live in poverty.

In the capital, Buenos Aires, the poverty rate, which measures those who They cannot afford the basic food basketdoubled from 8% to 16% in the first quarter of this year compared to the same period last year.

Dietary change: cheaper alternatives to meat

Due to the high prices of the carne many Argentines have migrated to more affordable options such as chicken and pork. However, a decrease in the total consumption of all meats has also been observed.

The report highlights that total meat consumption in Argentinaincluding beef, poultry and pork, could reach 105.7 kg per inhabitant in 2024, which represents a reduction of seven kilos compared to the average of the last ten years.

Although the decline in domestic consumption has led to an increase in exports, this has not translated into higher revenues due to falling international prices. Between January and May 2024, 385,000 tons of bone-in meat were exported, 10% more than in 2023. However, the value of these exports only grew by 1%, as average prices fell by 8% compared to the first five months of last year. With information from La Voz de Michoacán.

A graduate of the Bachelor’s degree in Law and Social Sciences from the Michoacana University of San Nicolás de Hidalgo, I have forged a career in the media for several years. My experience includes prominent roles as a photojournalist and co-host on local radio. In 2022, I joined the Debate team as a web reporter, where I specialize in covering news both locally in Michoacán and internationally. Currently, I focus my work on reporting on the climate in Mexico, the conflicts between Ukraine and Russia, Israel and Palestine, and the Middle East, as well as general news from the United States and Latin America such as Argentina, Colombia, Ecuador, El Salvador, among others, without losing sight of issues of global interest, such as earthquakes, volcanoes, tsunamis and climate change. In addition to my commitment to quality journalism, I have a passionate interest in women’s rights and advocate for their promotion through my work.

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2024-07-10 19:05:28