Filet mignon, one of the most noble cuts in meat, surprisingly topped the list of biggest price drops throughout the year, with a significant reduction of 16.95%, according to the Brazilian Institute of Geography and Statistics (IBGE).
The cut, famous for its juiciness and flavor, became more accessible to consumers in 2023. Overall, meat saw an average drop of 9.65% in the first eight months of the year, with a further decrease of 1.9% in August.
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In addition to filet mignon, other popular cuts have also seen their prices drop considerably. Rump steak had a reduction of 13.46%, while sirloin fell 11.77%.
Notably, all cuts within the meat subgroup in the IBGE survey showed a price drop throughout the year.
Beef is cheaper in 2023
In addition to leading price drops in meat, filet mignon also stands out when we consider all the foods that make up the IPCA.
The prime cut occupies the sixth position among the items with the biggest price reduction in the year, behind only some specific products.
The biggest price reductions in the year were observed in items such as:
Onion (-43.71%);
Orange (-36.14%);
Soybean oil (-28.86%);
Avocado (-25.79%);
English potato (-19.33%).
In the poultry and eggs segment, the price drop was less pronounced, with a decrease of 6.30% in 2023.
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Chicken cuts into pieces registered a drop of 11.69%, while whole chicken saw a 9.79% decrease in price. On the other hand, eggs presented an opposite scenario, with an increase of 12.94%.
Fish prices showed an accumulated increase of 3.12% throughout 2023. Among fish, mullet led price growth with a significant increase of 11.68%, followed by crab, with an increase of 7.28%, and tilapia, with an increase of 6.99%.
However, there were also notable value reductions in the fish segment. Peroá had a drop of 14.58%, followed by Serra, which recorded a decrease of 6.43%.
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