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Argentine government seeks to freeze prices of many products

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Christian Fernsby ▼ | April 10, 2019
Mauricio Macri
LatAm   Mauricio Macri

In an attempt to calm the waters a little to reduce the impact of rising prices due to inflation, the Argentine government will promote measures aimed at freezing up to 100 food products for the next six months.

According to several local media, to reduce a little the impact generated by the inflationary process in the midst of the economic crisis, the executive led by Mauricio Macri is in talks with manufacturers and supermarket chains to expand the known program of prices cared.

According to sites like Perfil or a24.com, the agreement would be aimed at creating a list with at least 100 products, whose prices will remain frozen for a period of six months, until the presidential elections in October.

Among these are several that have suffered hard inflationary impact and that in recent months, with each rise in the dollar continued to increase as various cuts of meat, milk, dry pasta widely consumed here, rice or water, among others.

Although the fine print of the agreement with food companies and supermarkets is still a matter of negotiation, the intention is that the new program can be announced before next Friday, he reported to 24.com.


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