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Government Announces New Price Freeze Program, Massa To present Today

ARGENTINA
BulletEM BulletEmerging Markets NewsHomepage
  • According to a resolution published in the official gazette, the government has created a new voluntary price program to freeze the values of mass consumption products from November 2022 to February 2023. Economy Minister Sergio Massa is expected to present the program today.
  • (Bloomberg) The Program is reported to be called ‘Precios Justos’ , replacing another known as ‘Precios Cuidados’, and will start with a 4% increase for the products included in the list in regards to the average price increase for October. Prices must be maintained during the four months.
    • The program was agreed to with companies that sell mass consumption goods and supermarkets, and includes more than 1,500 products, the Commerce Secretariat added in a statement sent by text message.
    • Companies and supermarkets will be able to increase prices of products not included in the lists by a monthly average of 4%. (BBG)
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  • According to a resolution published in the official gazette, the government has created a new voluntary price program to freeze the values of mass consumption products from November 2022 to February 2023. Economy Minister Sergio Massa is expected to present the program today.
  • (Bloomberg) The Program is reported to be called ‘Precios Justos’ , replacing another known as ‘Precios Cuidados’, and will start with a 4% increase for the products included in the list in regards to the average price increase for October. Prices must be maintained during the four months.
    • The program was agreed to with companies that sell mass consumption goods and supermarkets, and includes more than 1,500 products, the Commerce Secretariat added in a statement sent by text message.
    • Companies and supermarkets will be able to increase prices of products not included in the lists by a monthly average of 4%. (BBG)