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Buenos Aires Bakeries Raise Bread Prices 12% as Trade Group Issues New Guidance

Industry leaders warn of possible further adjustments before year-end.

Overview

  • CIPAN said the province-wide increase took effect Monday, with a suggested kilo price of 2,800 pesos in neighborhoods and 3,000 to 3,300 pesos in central areas, while final prices remain at each bakery’s discretion.
  • The adjustment covers the full range of baked goods, including pastries, specialty breads, and prepared doughs.
  • CIPAN attributed the move to higher production costs, citing a recent flour jump of about 12%, yeast up 8%, and rent hikes driven by more frequent contract resets after changes to rental rules.
  • The trade group described a sector in crisis and reported roughly 1,700 bakery closures nationwide over the past 18 months, with leaders cautioning that another price rise is possible before year-end as wage negotiations approach.
  • In Tucumán, the bakers’ association recommended a 5% increase, setting a new suggested range of 3,150 to 3,200 pesos per kilo due to inflation, currency volatility, energy costs, and pricier inputs.