The Care Prices program has almost 1,500 products and is normally reviewed every three months. It was conceived 10 years ago by the then Secretary of Commerce, Augusto Costa, to serve as a guide for consumers on the gondolas. A kind of handbrake to discourage the rest of the uncontrolled prices from rising too high.
On a historical average, the level of compliance with Care Prices is 75%but the previous person in charge of Domestic Trade had stated that in the first quarter of this year it had dropped to 65%, that is, about 10 points less.
If the official data of the National Institute of Statistics and Censuses is taken (INDEC) the impact of Care Prices in the composition of the CPI was reduced by half. In December 2021, the products that make up the basket represented 12.23%, while in April it had dropped to 6.23%, that is, almost 50%.
The explanation of some analysts of the retail markets consulted is that the supplier companies send less quantity of products. Somehow, they formally comply with the presentation of the offer, but the offer quickly dries up.
Hang will now try to repair the damaged relationship with the businessmen to at least have the available offer again.
Last Friday, during a business meeting, the head of Copal, Daniel Funes de Rioja, He let glimpse in a dialogue with journalists the vision he has on the stage that arises with the departure of Feletti. The leader pointed out that it was not up to him to open value judgments on the officials appointed by President Alberto Fernández, although he clearly said he was “against price controls that distort markets”.
The businessman insisted that the food industry “It is not the cause of inflation, but the consequence”after recalling that of the 14,000 companies that make up the sector, 97% are SMEs.
“Let’s have a reasonable inflation like the one that most of the countries in the world have and there will be more investment and more supply”, exclaimed the head of the Argentine Industrial Union (UIA). The businessman added that “inflation is unpredictable” and admitted that “there are those who can benefit from opportunism, but that is occasionally, because we businessmen invest for the long term.”
Source: Ambito
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