The products that will roll back their prices correspond to the items food, cleaning and personal hygiene, among others.
A) Yes, The large supermarket chains throughout the country promised to roll back as of today the prices that Internal Trade had detected with excessive increases based on the surveys that the Secretariat does daily, both in person and based on the Electronic System of Argentine Price Advertising (SEPA).
The largest increases that alerted the Secretariat and the Ministry of Productive Development, and led to joint action by both agencies, were recorded between Wednesday, March 16 and Friday, March 18.
The chains that showed the highest levels of increase were Walmart/Changomas and the Cencosud group, owner of the firms Jumbo, Vea and Disco.
Last week the National Institute of Statistics and Censuses (Indec) reported an increase of 9% in last February in the cost of the basic food basket.
The retail price index (CPI) at a general level, for its part, marked an increase of 4.7%, essentially driven by the average rise of 7.5% registered in food and non-alcoholic beverages.
Given this context, the Government launched measures to contain the rise in the prices of the main mass consumption products, including food.
Within this framework, it created a trust financed by raising withholdings on soybean flour and oil, in order to bring wheat flour prices back to pre-war levels, as well as noodles, bread and flour to the consumer, essential products of the basic food basket.
To this end, he announced a credit line for $8,000 million at a subsidized rate for the milling industry, so that they can acquire wheat and avoid a massive transfer of prices to the Argentine table.
The companies that were targeted by Internal Trade were La Serenissima and Molinos Río de la Plata, because they prioritized supplying local businesses over supermarkets, which meant a decrease in the supply of products within the program + Prices Care, which works as an anti-inflationary anchor.
The same behavior was seen last week by the exporting refrigerators grouped in the ABC consortium, which tried to boycott the Cortes Care program, which led to an injunction from Internal Trade and the subsequent action of the Ministry of Agriculture to guarantee its operation.
Source: Ambito
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