Last Thursday, Ámbito exclusively anticipated that the Government is working on a “stabilization plan” to attack inflationary inertia starting in November. The program consists of some steps that have already been carried out: give clear signals on the fiscal front, accumulate reserves, order foreign trade to “take care of the dollars.” Once these prerequisites have been met, the aim is to reach a broad agreement on prices and salaries that will mark a path for the next four months.
Ámbito was able to confirm that The Secretary of Commerce summoned mass consumption companies to meetings “one by one” during this week. Although, according to sources close to the secretary Matías Tombolini, it is a common mechanism in that office. The function of these meetings is to monitor the Care Prices program that was launched a few days ago, but also to monitor the situation of prices in general.
Yesterday, Massa provided more details of the plan underway. He told that There is already dialogue with some 20 mass consumption companies and they will seek to have the prices of the products printed on the packaging, so that in this way they reach all points of sale and there are no detours with intermediaries. called the plan “Fair Prices”. He also said that they are preparing an online control panel with the entire price system, so that consumers can access all the information.
“I would like it to be agreed upon with a large number of companies, businesses and at a work agreement table between the unions and those companies, we are at a time when we all have to give up a little”, explained the minister.
different industry sources consulted by this means highlighted the initiativealthough they pointed out that it must take place within the framework of a macroeconomic order and with broad political support that must be manifested, in principle, with the approval of the budget project.
There was also support from the union world. In general terms, the unions understand that at this time a reduction in inflation is key to rebuilding the purchasing power of wages. “There has to be a plan for economic stabilization urgently,” said the head of the guild of canillitas, Omar Plainiwhich also asks to attack “speculative remarks”.
The Government’s diagnosis is that the central axis of the fight against inflation is through fiscal order, the reduction of monetary emission and the accumulation of reserves. However, they consider that in the Argentine case the phenomenon is conditioned by the expectations that in turn generate preventive increases that make up an “inertial” component. What is sought now is to attack this last point, to bring the consumer price index, at least, to the levels prior to the start of the war between Russia and Ukraine.
Source: Ambito
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