“The expectation is that the program will last between 90 and 120 days.. We are working on all the main items that have to do with the consumption that occurs in the gondola,” added Tombolini. The estimate of products that will be included in Fair Prices is between 1,500 and 2,000, which would be incorporated in stages.
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.
As for price controls, although the minister ruled it out, Commerce confirmed that it will seek to expand controls and continue to monitor compliance weekly with companies.
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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