At that time, the firms participating in the program were already asking for higher increases. One of the central arguments exhibited by the sector was the increase in the cost of supplies, logistics and wages. Anyway, the Secretary of Commerce led by Roberto Feletti, agreed to raises below inflation.
In this case, one of the main companies in the food sector told Ámbito that it will request, as a base, a 12% rise to be divided into three consecutive 4% monthly installments. “It is what we had estimated as a minimum, but now with the war the scenario is increasingly complex,” they said. Another point that they highlight is that a series of products were under the price freeze announced last October and that in some cases this finally went back to July 2021 values. According to what they say, these items only increased 6% between July of last year and March of this year, well below inflation.
Some companies have already sent their proposals and arguments to the Ministry of Commerce, which asked for a few days to send its response. But the central idea of the portfolio led by Roberto Feletti is “to maintain a wide and varied basket that is accessible for popular consumption.” Along these lines, they explain that the negotiations have just begun and that the increases granted will be known closer to April 7.
Inflation is presented as the great challenge of the economic cabinet. Added to the strong inertial component is the international context that will undoubtedly push up the prices of the basic food basket. Today the INDEC will release the Consumer Price Index for the month of February. According to private consultants, it will be around 4%. Even so, everything seems to indicate that the worst is not over because in the first half of March there were strong increases in food prices. Added to this are the increases in fuel and public services.
With this scenario, the discussion that arises for the advance of the prices of 1,300 mass consumption products, once again becomes important. The Government seeks to position Care Prices as a reference basket, while analyzing a series of measures to mitigate the impact of the rise in international prices.
Source: Ambito
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