The Government seeks to provide price freezes 900 products for 90 days to curb the inflation. The measure was known after the meeting of the Secretary of Internal Trade Roberto Feletti with manufacturers of food and consumer products. TN.com.ar could know that the official asked the executives that there is no upload until next January 7.
This is Feletti’s first activity as Secretary of Commerce, where he came to replace Paula Spanish. The request for a price freeze came a day before the September consumer price index was released, which would be 2,8%. This would cut the downward trend in the cost of living increase, which last month was 2.5%.
Prior to meeting the owner of the supermarket chain Walmart Francisco de Narváez considered that “the maximum prices never worked, just for a little while.” He mentioned that in the meeting with the president Alberto Fernandez at Casa Rosada with executives they talked about inflation, among other axes, and that the president “said it was a problem of fiscal cost,” in statements to radio Miter.
The IMF improved its growth outlook for Argentina in 2021, but warned that inflation “has no anchor”
On Tuesday the International Monetary Fund (IMF) released its updated estimates on the world economy. In the case of Argentina, it improved its forecasts, since it expects that the local GDP increase 7.5% this year. Although the chief economist and director of the Department of Studies of the multilateral organization Gita Gopinath warned that “inflation expectations they are unmoored, partly because of the dependence on monetary financing in Argentina ”.
The plans with which Roberto Feletti arrived at the Ministry of Internal Trade: price control, discussion of profit margin and sanctions for those who do not comply
Feletti anticipated the guidelines that he would have in his management as Secretary of Internal Trade. Between those axes he believes that price control it is essential to restore purchasing power to families. He stated that “it is a very difficult moment for Argentina and there can be no meanness ” and that it will seek to “recover that legacy of Peronism where the people ate more or less what they wanted and ate it from home ”.
The official said that he would call businessmen, producers and marketers to “speak with the truth in hand and not victimize yourself” to talk rationally of costs and profit margins ”, in statements to C5N. He also said that he would apply “the laws that protect the consumer and supply” in the event that companies do not comply with the agreements.
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