They also complain about “Cervantes’ bad manners” and affirm that this official reminds them of the times of William Moreno at the Secretary of Commerce.
He also feels very upset with the escraches in the networks of price increases “as if companies were the cause of inflation” and they criticize a protected sector such as textiles, which according to the Indec, its increases far exceed annualized inflation -more than 100%- as of September.
Specifically, and as he was able to reveal Ambitsince the announcement this Monday of Serge Massa who anticipated that there would be a price agreement for four months (without variations) and that the control of compliance would be done via a cell phone application, very few companies were cited to define which products would be added to this program.
For example, some companies began to receive calls from the Secretary of Commerce to ask what products could be added to the program. To others They were told to ask them via email which products they want the company to include in the program.. Y, others have been summoned personally to the Secretary.
The idea of the Minister of Economy is “agree on a price trail” and rejects talk of “freezing” but for most of the companies, seeing the escrache that is being carried out on networks that are being carried out by relevant government leaders, they fear that the “agreement” is more of an “order in practice”.
Large companies also complain about the escrache because they fall into the “righteous for sinners” criticism. They argue that the prices of industrialized products as of October 17 rose 6%, while vegetables rose 12%.
But ultimately, most companies wonder “How do I freeze the price of a product with costs that go up between 7% and 8% per month?
The persuasive argument that the Trade authorities will use will be the studies that they have where they demonstrate profit margins have increased. Argument, which has been supported by the vice president herself, Cristina Fernandez de Kirchner, who has long questioned business profits and today, the main supporter of Massa.
Complaints
The Secretary of Commerce instructed the National Commission for the Defense of Competition to initiate investigations for alleged anti-competitive practices with the purpose of “identify a possible fixing of prices of mass consumption products through abusive practices that harm the general economic interest”, according to information to which he had access Ambit. Among the rises detected by the area, it is observed that Inputs from the mass consumption industry such as sugar and glass registered year-on-year increases of 170.1% and 103.6% (September 22/September 21).
The authorities seek to determine alleged anticompetitive practices (Law No. 27,442) in companies related to the production and marketing of mass consumption products that have increased prices during the year 2022 as a result of an abuse of its dominant position in the market. The Commission for the Defense of Competition would ship in 30 daysaccording to official sources.
The portfolio has the information originated in the Argentine Electronic Price Advertising System (SEPA), created by Resolution 12/2016. All businesses that carry out retail sales of mass consumption products are required to report on a daily basis, for dissemination, the current retail prices of products at each point of sale.
It covers all stores, markets, self-service stores, supermarkets and hypermarkets, with the exception of micro, small and medium-sized companies (in this case, incorporation is optional).
Likewise, through a citizen collaboration computer platform, consumers can access the information provided and report any inconsistencies regarding the veracity, clarity and timeliness of the information provided by businesses in the SEPA.
Based on the information provided to SEPA, the Price Evaluation and Monitoring Directorate (DEyMP) prepares reports that allow daily monitoring of the general price level of food and beverages, perfumery and cleaning.
The authorities observed increases in the prices of the products in gondolas that are above general inflation and other variables that affect production costs, such as raw materials and the exchange rate. For its part, the follow-up carried out by the Value Chain Analysis Department of the main inputs and production costs shows increases, for the accumulated twelve months until last September, of 170.1% in sugar, 103.6% in glass, 103.1% in wheat, 99.0% in electrical energy and 95.6% in basic chemistry .
you climb exceed the year-on-year increase in the wholesale exchange rate – 46.1% – as well as wages 74.2% (in the latter case, data to August 2022).
Source: Ambito
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