“The acceleration of prices in recent weeks is worrying but not only in Food and Beverages but also in Clothing and footwear, Transportation, Housing and Education. In other words, inflation is the general rise in all goods and services in the economy and the variation that is taking place is an increase from its previous level. Containing this process without a concrete stabilization plan in the medium term will not achieve the desired results,” said Damián Di Pace, director of Focus Market.
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Di Pace pointed out that “the large supermarket chains would be the ones who should supervise this action of returning prices to March 10 when they place the order with their supplier. As the companies have genuine arguments for rising prices of inputs, raw materials and services, the program will have many complexities to become effective. As has happened on other occasions, if sustained over time, the price level will be adjusted by the amount of product delivered at the point of sale.”
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“We are having an inflationary problem that exceeds the warlike conflict in Russia and Ukraine. The diagnosis of the acceleration of current inflation should start from the recognition of inflation of fiscal and monetary origin, to which today the correction of the relative prices of the economy, among which we must detail: electricity, water and gas public service rates, correction of the official exchange rate, increase in fuels, increase in cargo transportation, among others,” he concluded.
Agreement
This Wednesday, The retraction of prices as of March 10, agreed with supermarkets for 580 products, in which excessive increases were registered in recent weeks, begins to be implementedyes
This is the result of the talks held between last Monday and Tuesday by the official unit with the United Supermarkets Association (ASU) and with the main companies that produce mass consumer goods.
The products that will roll back their prices correspond to the items food, cleaning and personal hygiene, among others.
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.
Source: Ambito
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