With the aim of “achieving price stability for essential products consumed by Argentine households”, Fair Prices aspires to keep the prices of 1,500 products in the food, beverage, dairy, personal hygiene and cleaning categories constant, according to the official explanation.
The agreement states that “The products that will remain with fixed prices enter the program at a price up to 4% higher than the average registered during October 2022 and will remain stable for the next 120 days.”
While “the rest of the products sold by the companies that join the program will have a monthly increase guideline of up to 4% for the same 120 days in the sale price to supermarkets and wholesalers.”
“At the same time, The State grants guarantee and certainty in the process of importing intermediate goods, finished goods that are part of the value chain and inputs for the companies that commit to this price agreement“, Official sources told Télam.
Which companies participate
Around one hundred companies participate in the agreement, which represent 86% of mass consumption in the country and among which are Molinos, Coca Cola, Unilever, Quilmes, Mastellone, AGD, Ledesma and Las Marías, among others.
“In addition, supermarkets will be able to supply their own brand products,” it was indicated.
Those interested will be able to consult the products and commercial chains adhered to the program by entering from tomorrow to https://www.argentina.gob.ar/preciosjustos or through a mobile application, available on Android and IOS, in addition to two chatbots for the retail channel (+54 9 11 2879 0887) and the wholesale channel (+54 9 11 2524 4728).
There will be trade inspections
Within the framework of inspection operations to corroborate compliance with national agreements, the Ministry of Commerce will sign agreements with mayors to strengthen monitoring, in order to expand the number of inspectors throughout the country.
The Secretariat will give the municipalities “the technical guidelines and the necessary training to carry out the inspections and then the sanction process will be carried out through the usual mechanisms carried out by the Undersecretary of Actions for the Defense of Consumers” , clarified the distribution led by Matías Tombolini.
The agreements “will be replicated with different municipalities throughout the country to reinforce the federal nature of the measure” and, in turn, Commerce specified that “will transfer to the corresponding local authority 25% of the proceeds from fines made in each district.”
In order to guarantee compliance with the agreed price guideline, the Secretariat will continue to monitor price variations on a daily basis through the Argentine Electronic Price Advertising System (SEPA).
Source: Ambito
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