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المشهد العربي
US meat prices rise amid inflation controls
The United States has experienced a record surge in meat prices, with the average price of ground beef reaching a new all-time high in August at $7.158 per pound, reflecting a 0.6% monthly increase and a 7.9% rise year-over-year. This trend indicates ongoing inflationary pressures on food prices ahead of the Congress elections. The U.S. administration has introduced measures to import up to 300,000 tons of ground beef from Brazil within 90 days by reducing tariffs. Additionally, the Department of Agriculture has resumed operations at one of the ports to accept cattle shipments from Mexico after a suspension due to health concerns. Despite potential government interventions aimed at stabilizing prices, their immediate impact on consumers may not be clearly noticeable.
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