2023-11-21 20:35:32
The program “Fair Prices” that seeks to contain the value of a group of products in the basic basket is immersed in deep uncertainty following the victory of Javier Milei and there are fears of increases and shortages.
The electoral defeat of the ruling party left the Ministry of Commerce that authorized a 5% increase for basic foods starting today and enables an additional 8% for December. They expect the average increase for the month to be no more than 12% (adding the increase at the beginning of the month).
From the Secretary of Commerce commanded by Matias Tombolini They confirmed that they will be meeting hand in hand during the week with food to negotiate and guarantee supply.
From Commerce, they confirmed to NA that “today and this week there are meetings agreed with supermarkets and companies that are within the program” and that they are “working to avoid abuses, taking care of the supply and providing peace of mind at this time; “This work is being carried out with common sense, with dialogue, listening to companies,” since we are in a transition.
20% increase in basic products in a month and a half
VI would like to emphasize that adding the authorized increases in November plus the 8% increase for the beginning of December, in 25 days increases of around 20% in basic products will have been authorized. (flour, grass, sugar, oil and milk) that will put pressure on inflation.
Meanwhile, sources supermarkets admit that suppliers have already warned that the next price lists will come out with increasesbut there are still no certainties regarding the percentages.
He The sector’s biggest fear is the replacement, especially in the “Fair Prices” program.which had already been experiencing supply problems in recent weeks.
A similar panorama is observed in medicines since the laboratories had a pending meeting with the government that has now been archived.
The greatest tension is in fuels, where oil companies are no longer tied to any type of agreement with the Government and might increase prices at any time.
After the result of the first round, the Government maintained bargaining power and forced companies to remain within the “Fair Prices” program with perks in the exchange market and the threat of removing them from “Now 12.”
The panorama now is different, especially with the triumph of Javier Milei whose motto is not to intervene in the formation of prices.
Fuente: Argentine News
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