Pricey Beef Fuels Inflation Fears in Latin America’s Top Economy

Pricey Beef Fuels Inflation Fears in Latin America’s Top Economy

Brazilian consumers are bracing for a more expensive holiday season as soaring meat prices add to inflation woes.

Meat prices are poised to increase 7.9% in the last quarter of the year, the most for the period since 2020, according to consulting firm LCA Consultores. Beef has emerged as the main concern, with processors facing the biggest seasonal surge in cattle costs in almost three decades.

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Publish date : 2024-11-07 04:48:00

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