The evolution of prices set off alarms in the organism, since a price increase index of more than 5% and close to 6% is expected, after the record of 6.7% in March, and with a projection of inflation in rise, especially in food prices.
The companies base the rise in prices on the increase in the cost of raw materials and Internal Trade wants to analyze this point in particular. The large supermarket chains alerted the authorities that the supply of products fell to 64%, when the usual average was above 95%.
The Undersecretary of Commercial Development and Investment Promotion of the Buenos Aires government had already warned about the shortage of products, mainly in the large outlets of the suburbs, and pointed out a large number of shortages in the gondolas.
At the beginning of April, the Ministry of Commerce launched the quarterly renewal of the Care Prices program and a new basket of 60 products for local businesses. In the 1,300 products of the Care Prices program, the supply reaches 60%, and in some products it is less, according to the complaint of the supermarkets to the Secretary of Commerce, according to official reports.
The large chains also warned that some products that are outside the program arrive with increases of between 7% and 8% per week, which are the ones that would impact the Consumer Price Index for April.
The local business sector also pointed out to the secretariat difficulties in accessing the products that are part of the Care Prices basket that cannot be obtained in wholesale centers, where local businesses are supplied.
Source: Ambito
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