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Emmanuel Álvarez Agis's warning for the increase in meat: "You have to fill the freezer"

2023-02-01T17:35:49.608Z


The economist explained that the increase will also have a strong impact on the inflation rate. Emmanuel Álvarez Agis recommended stocking up on meat in the coming days , due to the increase registered by the cuts after the rise that occurred in the hacienda and that puts pressure on the inflation rate for January, which according to the consultants will be around 6%. The economist, during an extensive report with the station El Destape, decided at one point to give people a financial recom


Emmanuel Álvarez Agis recommended

stocking up on meat in the coming days

, due to the increase registered by the cuts after the rise that occurred in the hacienda and that puts pressure on the inflation rate for January, which according to the consultants will be around 6%.

The economist, during an extensive report with the station El Destape, decided at one point to give people a financial recommendation:

"Fill the freezer, because in February meat is going to be more expensive than in January," he said.

In addition to the advice, he explained that the increase in meat is going to have a strong impact on the inflation rate for February, which will be announced next month. 

In the Mercado de Hacienda de Cañuelas (main hub market) there were jumps of up to 30% in the price of some categories of animals that are destined for domestic consumption.

According to the Argentine Beef Promotion Institute (IPCVA), in 2022 the average price of beef increased by 42% while inflation in the same period was 94%.


The increase in meat is transferred to the shelves and has an impact on inflation.

Photo: Rafael Mario Quinteros.

"If meat goes up 15% in a month, you can say 'eat chicken', but if meat goes up 15%, the inflation index gives 6% and then nobody believes that it's a jump. Everyone says 'the The new speed is 6, let's close parities in 6', that's the problem with these inflationary inertias," he said.

The director of the consultancy PxQ also referred to the management of the Minister of Economy, Sergio Massa, and his attempts to prosecute the economic policy of the Frente de Todos.

"Massa did a lot of things for the economy to adjust to 5% inflation, one believes that it was Fair Prices but it is much more," he said.

And he added that the most important thing about this measure is that the rest of the products rose only 4%.

For the economist,

Massa seized an economic situation "on the verge of collapse"

, but questioned the government coalition because with "their internal fights" they put the country in that critical situation.

Although he pointed out

the main problem of Treasury management,

around currencies.

"Massa had a good start, but the truth is that the game is at stake now is with the dollars," he declared.

In this sense, he also referred to the impact that the different economic measures may have in this year's elections, where the ruling party will have a difficult stop due to the meager results, especially in terms of inflation.

"They are paving the way for the right, because I am a defender of social policy, a variation of Keynesian politics: when you are bad you have to stop the one who falls first, now when you are well you have to climb the kite," he said. .

At the same time, he remarked that the "abuse" of emergency tools to alleviate the crisis generates growth in the most conservative positions of the leadership.

"Increasing spending, issuing currency, increasing social plans, setting maximum prices as in a pandemic are tools for emergencies. If you use them all the time, two things happen: the tool is delegitimized and you have a bad economic result, because you go too far with growth and you have to get into a recession," he explained.


look too

The IMF takes the government data as good and forecasts inflation of 60% this year

Dollar today and dollar blue, LIVE: how much is it trading at and what is its price this February 1, minute by minute

Source: clarin

All business articles on 2023-02-01

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